Ray and Bill both work for PNC bank. What advice can be given go Bill in order to help him?

PNC has a significant amount of long-term debt outstanding. Interest rates are now lower than they were when the debt was issued, so the company is considering a plan to refund the debt. However, its lenders want to see forecasts for the future operations before they will agree to any sort of refunding. Ray wants Bill to address this issue during the coming session, both to see what the company can present to its lenders and also to make the directorswho will have to approve financing plansbetter aware of the situation.