John Wong's questions to UNIT (UNTC) leadership • Q1 2019
Question
John Wong asked about the company's plans regarding its long-term debt, specifically the 6.625% notes due in 2021, which recently became callable at par. He inquired if there have been discussions to opportunistically extend the maturity given favorable market conditions and what factors would catalyze such a move.
Answer
Executive Larry Pinkston confirmed that the company is looking at refinancing and will act when the timing is right, though there is no emergency. He explained that they are waiting for the energy sector of the bond market to become more active and receptive to new issuances, as it has been lagging behind the broader market. The decision to move forward is primarily a matter of market timing.