Re: Ultra & REX reach settlement
I am not able to access the details so I could be off on this entire post, but looks like REX makes out on this deal, especially since UPL doesn't even take up any space on the pipeline. The one time payment pretty much equals what they owe for 17 and 18, if they pay 80 million per year. I thought they were done with REX in 2019, which meant one more 80 million payment. Seven at 26.5 is 185 million. So the price for stretching out the last payment is 100 million? Again, I can't get at the numbers or the agreement so this could all be wrong so please correct me if so, thanks.