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Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (1426)10/26/1997 12:44:00 AM
From: Rational  Read Replies (1) | Respond to of 2544
 
Zeev: This $300 mil is a credit warehousing facility, senior to all other debt. There are restrictions for withdrawal. It was given in Sept and hence hardly any would be used. It is LIBOR+125 bps and not convertible debenture. This is a small part to recapture as compared to the value of stock. Sankar