Q: In your answer to a question concerning IPO, you indicated debt at $400 million. Their public information indicates year end net debt at $213 - 221 million and 1.1 - 1.3 times Q4 2025 annualized EBITDA. How did you calculate $400 million based on above info?
5i Research Answer:
The public information was as of March 31. But its large Pembina acquisition did not close until...