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AEBF » Topics » Our 10% Senior Notes mature on May 15, 2009, and we may be unable to repay or refinance this indebtedness upon maturity.

This excerpt taken from the AEBF 10-K filed May 15, 2009.

Our 10% Senior Notes mature on May 15, 2009, and we may be unable to repay or refinance this indebtedness upon maturity.

On May 15, 2009, the $5 million aggregate principal amount outstanding under our 10% Senior Notes will become due and payable. We may not be able to extend the maturity of these notes and we may not have sufficient cash available at the time of maturity to repay this indebtedness. We cannot be certain that we will be able to extend the maturity of these notes and also we cannot be certain that we will have sufficient assets or cash flow available to support refinancing these notes at current market rates or on terms that are satisfactory to us. If we are unable to extend the maturity of the notes or refinance on terms satisfactory to us, we may be forced to refinance on terms that are materially less favorable, seek funds through other means such as a sale of some of our assets, or otherwise significantly alter our operating plan, any of which could have a material adverse effect on our business, financial condition and results of operation.

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