Jul. 10 at 9:34 AM
$GTN Unbelievable run we have had...
I still think that
$GTN has a lot more in the tank. This week they have solved their 2027 debts and a large chunk of their 2029 debt wall.
This is a massive improvement and makes me believe that
$GTN has a plan for their 2028 Term loan D which is 1,38B$. If they are able to move this or perhaps even repay some of it along the way. This would be a massive shift since it would essentially mean that they have moved half of their entire 5,6B$ debt load and bought themselves 5 years more time.
5 years equals roughly 1.5-2B$ in cash flows that can be directed towards debt reduction.
I hope they would speed up the process through selected asset sales but nevertheless this has been a massive improvement to their debt profile.
