SRZ: Funding Interest Rates

As per SRZ Sept08 Q3 Report the latest terms lending rates for SRZ are as follows:

As part of the November 6, 2008 amendment, the Company also paid fees of $0.2 million to the lenders and the borrowing cost under the line was increased to LIBOR plus 3.75 percent, with a minimum rate of 5 percent.

Current(Dec 23,2008) LIBOR rates are: (as per bankrate.com)

1 month Libor: 0.88 ---SRZ rate: 4.63% (5% Due to base rate of 5% minimum)
3 month Libor: 1.85 ---SRZ Rate: 5.6%
6 months Libor: 2.17---SRZ Rate: 5.92%
Call money: 2.00 ---SRZ Rate: 5.75%
1 Year Libor Rate: 2.09 ---SRZ Rate: 5.84

Still highest rates are 5.92% not much to talk about.. The Govt was asking for 9% from the automakers..

There are additional info regarding Tax Refunds (27 million) and 13.1 million in deposit refunds for 2009 out here