Delos Debt Renegotiations (B). Delos is continuing to renegotiate its prior loan agreement (80 million for...

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Delos Debt Renegotiations (B). Delos is continuing to renegotiate its prior loan agreement (80 million for six years at 8.624% per annum BB ), two years into the agreement. Delos is now facing serious tax revenue shortfalls, and fears for its ability to service its debt obligations. So it has decided to get more aggressive, and has gone back to its lenders with a request for a haircut, a reduction in the remaining loan amount. The banks have, so far, only agreed to restructure the loan agreement for another two years (new loan of six year Data Table haining principal balance) but at an interest rate a full 200 basis points higher, 10.624%. a. If Delos accepts the current bank proposal of the remaining principal for six years (extending the loan an additional two years since two of the original six years have already passed), but at the new interest b. Delos get its p Data table size of haircut should it try to get from its lenders to Delos's prior loan agreement of 80 million for six years at 8.624% per annum: a. If Del interest Current balance 80,000,000 69,265,065.37 57,604,349.98 44,938,014.49 31,179,334.23 16,234,105.38 nal six years have already passed), but at the new Delos's Payments Interest 1 2 3 4 5,973,419.24 4,967,799.14 3,875,454.37 2,688,905.78 5 Principal Total 6,899,200.00 10,734,934.63 11,660,715.39 12,666,335.49 13,758,680.26 14,945,228.85 16,234,105.38 6 1,400,029.25 17,634,134.63 17,634,134.63 17,634,134.63 17,634,134.63 17,634,134.63 17,634,134.63 Delos Debt Renegotiations (B). Delos is continuing to renegotiate its prior loan agreement (80 million for six years at 8.624% per annum BB ), two years into the agreement. Delos is now facing serious tax revenue shortfalls, and fears for its ability to service its debt obligations. So it has decided to get more aggressive, and has gone back to its lenders with a request for a haircut, a reduction in the remaining loan amount. The banks have, so far, only agreed to restructure the loan agreement for another two years (new loan of six year Data Table haining principal balance) but at an interest rate a full 200 basis points higher, 10.624%. a. If Delos accepts the current bank proposal of the remaining principal for six years (extending the loan an additional two years since two of the original six years have already passed), but at the new interest b. Delos get its p Data table size of haircut should it try to get from its lenders to Delos's prior loan agreement of 80 million for six years at 8.624% per annum: a. If Del interest Current balance 80,000,000 69,265,065.37 57,604,349.98 44,938,014.49 31,179,334.23 16,234,105.38 nal six years have already passed), but at the new Delos's Payments Interest 1 2 3 4 5,973,419.24 4,967,799.14 3,875,454.37 2,688,905.78 5 Principal Total 6,899,200.00 10,734,934.63 11,660,715.39 12,666,335.49 13,758,680.26 14,945,228.85 16,234,105.38 6 1,400,029.25 17,634,134.63 17,634,134.63 17,634,134.63 17,634,134.63 17,634,134.63 17,634,134.63