UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: TMFTheSnake Big red star, 1000 posts Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 207  
Subject: Re: Q1 earnings and CC Date: 5/16/2012 2:30 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
In following up on some of the questions I had after reading the Q1 results, of the $567m in maturing debt at the Transport & Energy division, about $480m of it relates to NGPL (the N Am gas pipeline). With BIP and its partners upping their equity stakes to reduce the debt at this hampered operation, I think the remaining $87m or so should be manageable.

As for next year in the Utilities division, $350m is related to the UK distribution business, which saw a slowdown in Q1, but has been doing pretty well, so I don't see a major threat here.

Another $210m is related to Dalrymple. As 100% of the terminal's capacity is under take-or-pay until 2018, refinancing shouldn't be too difficult.

So this is reassuring as far as the ability to get things refinanced, but this is always going to be something to keep an eye on, especially as banks clench in preparation of Greece exiting the euro and any potential knock-ons.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Middleby Corp.

Middleby's Middling Quarter
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.