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Hello, Can you help me me with the following hmwk assignment and give me some direction as where to start? the following informationpertains to Global
Hello,
Can you help me me with the following hmwk assignment and give me some direction as where to start?
the following informationpertains to Global Exports Inc., specificallyto their long term debt as of December 31,2018.
Using theinformation given,submit a short note fore the financial statementsdescribingthe variousparts ofthe long term debt and the company'sfuture plans for dealing with the debt.
Please uploadyour note in a word document using the link below.
Global Exports Inc.- Long Term Debt - 12/31/2018
- Long term notes payables (4% interest) of $15 million, maturing over next 10 years. 10% of principal is due this year
- $20 Million of 7% secured bonds collateralized on buildings, due in 10 years.
- $5 Million in 9% debenture bonds, due in 2 years.
- $100 million in outstanding 8% term bonds, maturing in 2025
- Last year, the company borrowed $5 million at 4% from a related party, payable in 3 years
- Plans on redeeming above term bonds by issuing preferred stock
- Plans to refinance all outstanding debt with rates over 6% for lower interest notes.
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