Options for tackling debt ratio

Lawrence Shift

LS Board Member, Strategy

Fri, $10$:$54$ am

Dear Mark Anthony.

Looking ahead, there are several factors such as changing interest rates and our projected cash flows that suggest we should consider early bond

retirement. If we assume there are no brokerage fees, how much cash is required to retire our $12\mathrm{.}2S2034$ bond early?

Thank you for looking into this option.

Lawrence

Lawrence Shift

Board Member, Strategy $|$ Andrews Corporation

$$9,006,320$

$$7,976,320$

$$10,300,000$

$$7,675,354$