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Subject:  Re: Why would a company do this? Date:  6/18/2004  10:21 PM
Author:  SockPuppetMan Number:  1383 of 2244

That would make perfect sense. Compare current interest rates to that of 3 - 3.5 years ago. Although they have hiked themselves up recently, interest rates are currently very low. If a compnay would be able to call their 10 3/4% notes and restructure it so that it is being offered at a much lower rate, that would save them a lot of money.
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