I Need Help Using Theinformation Given Writing A Short Note Fore The Financial S

I need help Using the information given, writing a short note fore the financial statements describing the

various parts of the long term debt and the company’s future plans for dealing with the debt.

  • Long term notes payables (4% interest) of $15 million, maturing over next 10 years. 10% of principal is due this year
  • $20 Million of 7% secured bonds collateralized on buildings, due in 10 years.
  • $5 Million in 9% debenture bonds, due in 2 years.
  • $100 million in outstanding 8% term bonds, maturing in 2025
  • Last year, the company borrowed $5 million at 4% from a related party, payable in 3 years
  • Plans on redeeming above term bonds by issuing preferred stock 
  • Plans to refinance all outstanding debt with rates over 6% for lower interest notes.

Prof. Angela


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