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Strategies & Market Trends : Bankruptcy Predictor Model
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To: Razorbak who wrote (116)3/21/1999 5:20:00 PM
From: Mad2  Read Replies (2) of 477
 
FLC- I understand they'll be paying between 11 1/2 and 12 1/2 % on the 1 bil they're getting. In round numbers that's an addl 120mil in financing to cover the financing cost (not to mention other costs of ownership if they don't put them to work) of those drillships. Wonder if they have a long term lease committment on those or did FLC take the risk when ordering them. We gotta look for signs about Yr 2000 E & P spending
Mad2
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