I need help Using the information given, writing a short note fore the financial statements describing the
various parts of the long term debt and the company’s future plans for dealing with the debt.
Long term notes payables (4% interest) of $15 million, maturing over next 10 years. 10% of principal is due this year
$20 Million of 7% secured bonds collateralized on buildings, due in 10 years.
$5 Million in 9% debenture bonds, due in 2 years.
$100 million in outstanding 8% term bonds, maturing in 2025
Last year, the company borrowed $5 million at 4% from a related party, payable in 3 years
Plans on redeeming above term bonds by issuing preferred stock
Plans to refinance all outstanding debt with rates over 6% for lower interest notes.
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
