Newman, the GM facility is gone. The Loral facility can be used for current payments, as I understand it -- but cannot be used to BORROW money from payments already made, if the MC is under $1...
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Type: Posts; User: homer985
Newman, the GM facility is gone. The Loral facility can be used for current payments, as I understand it -- but cannot be used to BORROW money from payments already made, if the MC is under $1...
According to the 10-Q, when the merger was consumated - that credit facility was canceled.
Doesn't mean they can't get a new one with GM, though I doubt they will given current circumstances....