CWC has announced a rights offering that we expect will generate $10.2 mm in proceeds at minimum, but could be up to $14.6 mm. A portion of these funds will be used as part of the equity cure provision in the Company’s leverage ratio. The Company has also amended its covenants providing it with increased flexibility through 1Q18. We anticipate that CWC will remain in compliance with its covenants based on our current estimates. CWC has released its 4Q15 financials, which were above our estimates ....
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Update
- Published:
27 Apr 2016 -
Author:
Ian B. Gillies -
Pages:
8
CWC has announced a rights offering that we expect will generate $10.2 mm in proceeds at minimum, but could be up to $14.6 mm. A portion of these funds will be used as part of the equity cure provision in the Company’s leverage ratio. The Company has also amended its covenants providing it with increased flexibility through 1Q18. We anticipate that CWC will remain in compliance with its covenants based on our current estimates. CWC has released its 4Q15 financials, which were above our estimates ....