Hang on a minute - timescale related !

The longer term Jarrold related loan appears to be at a fixed rate and is structured over a long period of time.

The other debts which are variable rate (LIBOR + 2%)
are over a shorter period of time and it looks like the club will try to repay these asap, possibly by the end of this season. Given the variability in the date of repayment (BY 31st Dec 2008) its probably not practical to go fixed rate due to the penalties if you try to vary the repayment schedule - like mortgages.

Posted By: Financebod on November 23rd 2005 at 16:05:35

Message Thread

Is our debt made up of 1 big loan or loads of smaller loans? (n/m) (NCFC) - Pekey_PK, Nov 23, 15:22:17
- Fucking loans.I've had loans to pay off loans.Should be clear by 2007. (NCFC) - big_erics_shin, Nov 23, 15:45:10
- I understand... (NCFC) - Jim Nasium, Nov 23, 15:24:01
  - Result! (n/m) (NCFC) - Arizona Bay, Nov 23, 15:24:39
- Spot the Ocean Finance joke on the horizon. (NCFC) - Arizona Bay, Nov 23, 15:23:40
  - ha ha (n/m) (NCFC) - Jim Nasium, Nov 23, 15:24:14
- Perhaps we should consolidate all of our exisiting loans into one lower monthly payment? (NCFC) - Squiggles, Nov 23, 15:23:32
  - Eight seconds damn you. (n/m) (NCFC) - Arizona Bay, Nov 23, 15:24:08
    - Happy days (n/m) (NCFC) - Small, Nov 23, 15:25:10
      - you failed again on your entrance today (NCFC) - camcan, Nov 23, 15:26:09
        
        Small (NCFC) - Small, Nov 23, 15:29:30
- Lots of big ones. (n/m) (NCFC) - The Tudster, Nov 23, 15:23:04
  - Here's info re the structured debts etc. (NCFC) - Financebod, Nov 23, 15:39:02
    - The debt is manageable and they should get a good part of the (NCFC) - Financebod, Nov 23, 15:42:35
    - Pardon my ignorance, but why do we need to borrow at LIBOR + 2%? (n/m) (NCFC) - The Tudster, Nov 23, 15:42:27
      - LIBOR (aka Base Rate)+2% is a good rate for a commercial loan (NCFC) - Financebod, Nov 23, 15:44:30
        
        I know what it means, and it's only good while LIBOR is low. (n/m) (NCFC) - The Tudster, Nov 23, 15:47:19
        
        may be NCFC thought the rate for a fixed rate loan rather steep ? (NCFC) - Financebod, Nov 23, 15:53:24
        
        Hang on a minute - timescale related ! (NCFC) - Financebod, Nov 23, 16:05:35
        
        Keep going. (n/m) (NCFC) - The Tudster, Nov 23, 16:10:28
        
        I'll do that. (n/m) (NCFC) - The Tudster, Nov 23, 15:55:45
        
        *oops London rather than Londin (n/m) (NCFC) - Financebod, Nov 23, 15:44:54
        
        Tudster - often variable rate loans are expressed as LIBOR + n% (NCFC) - Financebod, Nov 23, 15:47:34
        
        variable rate commercial loans get expressed that way (n/m) (NCFC) - Financebod, Nov 23, 15:48:13

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