Is That What We're Worried About?

Sailor's third debt was 500 million, due 2028. And he issued that at 6%. And that's a fixed rate, but 6% is still pretty high. So when we get into debt number three, number four, that's where it's like... Well, let's go there. If you get close to that 2025 point and there's not cash on hand, absolute service that, that balloon payment that is due, then I think what, the scenario you're talking about, Steven, is where the board has to basically change strategy based upon this bond.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app