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Is there "another level" of football?
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<blockquote data-quote="LibertyTurns" data-source="post: 495218" data-attributes="member: 789"><p>Except we have a $20M or $30M payment due 2020 if I remember correctly. I’m assuming we’re going to rollover and refinance that over 30yrs as last cash on hand was something like $6.5M. I’m guessing we’re paying 6 or 6.5% interest now based on the annual interest stated in the annual report. That was 6 years ago at the lowest rates we’ve ever had. I’m thinking the same type of loan/bond would be 8-9% now. That’s just an educated guess based on how much my company’s interest rate has gone up over the same period.</p><p></p><p>You are correct. The other $180M or so are financed at a low rate as well. A couple of Jimmy Carter years could take a major bite out of that, but then again you’d be dealing with soaring expenses in every other area of the operation. My preference obviously is keep rates low and overall expenses down. We don’t need multiple issues where we’ve only got one.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 495218, member: 789"] Except we have a $20M or $30M payment due 2020 if I remember correctly. I’m assuming we’re going to rollover and refinance that over 30yrs as last cash on hand was something like $6.5M. I’m guessing we’re paying 6 or 6.5% interest now based on the annual interest stated in the annual report. That was 6 years ago at the lowest rates we’ve ever had. I’m thinking the same type of loan/bond would be 8-9% now. That’s just an educated guess based on how much my company’s interest rate has gone up over the same period. You are correct. The other $180M or so are financed at a low rate as well. A couple of Jimmy Carter years could take a major bite out of that, but then again you’d be dealing with soaring expenses in every other area of the operation. My preference obviously is keep rates low and overall expenses down. We don’t need multiple issues where we’ve only got one. [/QUOTE]
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Is there "another level" of football?
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