Interest breakdown is a little muddy.
$200 million 1st lien, all Algar at 11.75%
$587 is $327 Algar, $160 ish GD, and about $50 million can be attributed to MRC pay-off and about $20 million thin air.
$100 million debenture is a mixture of GD and Corporate so lets say 50-50.
Therefore GD has debt financing of about
$50 million at 4.75%
$160 at 10.50%.
Algar debt is where stock got punished by borrowing way too early.
$327 for Algar, and I don't really know where it all went, some towards paying interest and the $200 million first lien at 11.75%.
So I believe they have borrowed $527 million for a $360 million project. Depends where the first 327 million got spent, I haven't figured that out yet.
Probably some towards pumps, restarting, reramping GD, it gets muddled here.
So for GD you could take $23-25 million a year in interest divided by 365 then divided by bbl/d which comes out to about $8-$10 of interest per barrel attributed to GD.
I'll get to the rest later but let me know what you think of this breakdown
