TPI has refinanced its $2 billion bridging loan and has reconfirmed FY08 guidance given a while ago. Some brokers such as GSJBW were faring the worst and marking down profit estimates on expectations of significantly higher interest payments.
Since TPI's price has been heavily discounted because of the uncertainty over refinancing this loan maybe we can now get the re-rating back to $14 where it belongs and more in line with peer valuations...
SEC