Saturday, March 21, 2015

Comment from Analyst on Molycorp Conference Call

Kevin Starke - CRT Capital Group - Analyst
Okay. Last question. I do bankruptcies and distressed all day long, and it's fairly obvious to me what you need to do. And this is just me talking, but obviously the converts, their maturities need to be pushed out beyond the 10% senior notes, which means beyond 2020. It means more than five years from now. Maybe it means they need to take stock in lieu of some of their claim. I'm not asking you to endorse that view; it wouldn't be prudent for you to do so.
They do allude to a distressed debt exchange in the annual report.

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