(Reuters) - With a mountain of debt remaining on the cable operator's
balance sheet though, Charter will eventually have to grapple
with its debt which is unlikely to be repaid with earnings
growth alone.
The cost to insure Charter's debt with credit default swaps
has fallen to around 750 basis points, or $750,000 per year for
five years to insure $10 million in debt. The swaps had traded
at more than 1,400 basis points last November.
Read more at Reuters.com Bonds News
balance sheet though, Charter will eventually have to grapple
with its debt which is unlikely to be repaid with earnings
growth alone.
The cost to insure Charter's debt with credit default swaps
has fallen to around 750 basis points, or $750,000 per year for
five years to insure $10 million in debt. The swaps had traded
at more than 1,400 basis points last November.
Read more at Reuters.com Bonds News
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