This issue of long term debt
positions ENDESA in the US market with the aim of diversifying its stable, fixed income investor base and lengthening its debt maturity profile which was 5.
23 +109 Capital Expenditures 121,951 45,034 +171 Long Term Debt
118,985 59,129 +101
Cost of sales and store, warehouse, general, administrative and sales support expenses $269,151 $127,257 Depreciation and amortization $11,491 $4,636 Interest on obligations under capital leases $2,261 $1,757 Interest on long term debt
$644 $299 Other interest $ 12 $258 Interest income ($2,187) ($459)
After accounting for this settlement Tellus' long term debt
is reduced to $248,000 compared to net shareholders equity of $4,515,000.
An inability to improve the performance in the card business will likely continue to depress the company's financial performance and place pressure on the long term debt
Orsino, President and Chief Executive Officer stated "We are extremely pleased to have completed this transaction which lowers our overall interest rate and facilitated the early repayment, at a discount, of the subordinated long term debt
Badger's Chief Executive Officer, Robert Olah reported: "Improved operating performance in the first three quarters of 2001 has allowed the Company to secure a long term debt
structure that provides a platform for the continued implementation of our strategy to focus on specialty papers in niche markets.