Re: Aubrey appreciates this strong vote of confidence
Is it just me or is this wording clear to everyone else?
>> Giving effect to the increase in the size of the loan, the company currently has more than $4.7 billion of liquidity including unrestricted cash on hand and available borrowing capacity under its revolving bank credit facilities.<<
Does that $4.7 billion include the just negotiated $4 billion loan? If it does that says CHK was down to its last $700 million of liquidity. No wonder there was just a tad of a sense of urgency. And no wonder the price has been falling like a rock.