Friday, February 19, 2010

Highlights of Georgia Gulf (GGC) Conference Call

From a Seeking Alpha transcript of the Q4 2009 Georgia Gulf (GGC) Conference Call:

  • Going forward, our cash interest expense will be about $17 million per quarter and our quarterly GAAP interest expense should be in the $18 to $19 million range.
  • The federal tax generated by the gain on debt exchange maybe differed for five years until 2014, then paid out over 5 years. On the third quarter call, I gave you a preliminary estimate of $75 million or $15 million per year. Since then we have continued to refine the estimate and we now believe we will pay a total of approximately $40 million or $8 million per year beginning in 2014. 
  • Projecting 2010 adjusted EBITDA of $140 to $160 million

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