https://seekingalpha.com/article/43...-2020-results-earnings-call-transcript?page=6
...Good morning. I just have a quick capital structure question for Chuck. You have two pieces in your cap structure, 9% preferred and then eight and one-eight baby bond that's going to be due in 18 months, and your credit story is improving, your leverage is down, the 10 year treasuries at 155. So, we're curious as to the delay and trying to refinance these, these are both callable, and with your debt structure in Asia-Pacific and in North America at the OpCo, we think you could probably issue a bond, and it's a really, really -- I mean rates are quite low, and high yield market is open, so we're just looking for an update on what you're trying to do?
Chuck Barrantes
So, that is pretty much on point. We are looking at the refinancing of our senior notes with the intent, I'm not the last call, and this obviously has to go through the board, but of calling the preferred stock through the senior offering, we do have the capacity to theoretically pay the preferred stock for the North American facility, but it is an ABL, and we want to keep the capacity for our continued growth into our core business at Pac-Van, right? So, whether it's organic fleet or whether it's acquisitions, which we have not done the first six months, but the pipeline looks very good for the next six months. So, we prefer to pay out preferred stock through the refinancing of the senior notes, which we are looking at....
General Finance Corporation (GFN) CEO Jody Miller on Q2 2020 Results - Earnings Call Transcript
Baby bond ISIN US3698227051
