Market Report -- In Play (ESMK)
Esmark clear ups debt position Carbon Dioxide supplies elucidation regarding its fourth estate release issued yesterday in conformity with NASDAQ rules. Reports stating that the carbon dioxide had not refinanced its long-term debt are erroneous. As reported, on May 6, 2008, the carbon dioxide refinanced its senior barred term loan with a $110 mln dollar installation with Essar Steel Holdings, which makes not maturate until June 1, 2009. Carbon Dioxide also extended its short term rotating recognition understandings to no future than September 30, 2008. Because the short term rotating recognition installations maturate no future than September 30, 2008, the carbon dioxide received a going-concern makings in connexion with its Annual Report on Form 10-K.
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Labels: credit agreements, credit report, dollar facility, essar steel, going concern qualification, leading internet provider, market participants, nasdaq, revolving credit, term debt, term loan
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