0:40
Bert Stedman
80:48 - 81:29
"we've talked about that 40, mid-40 range cost factor, and some of us believe it's complete nonsense, right? It's an old number that's not relevant, and we'll get into that when we get into our modeling in a couple of days. But if they do the, you know, 70% debt level, there is the government loan guarantees and backing that we need to to get an understanding for over the next several days what that entails. But my understanding from the federal folks that I've talked to, it's if you do 20 years, it's 20 years plus 3/8 on the government bond. If you do 30-year financing, it's 30-year government bonds plus 3/8."
“we've talked about that 40, mid-40 range cost factor, and some of us believe it's complete nonsense, right? It's an old number that's not relevant, and we'll get into that when we get into our modeling in a couple of days. But if they do the, you know, 70% debt level, there is the government loan guarantees and backing that we need to to get an understanding for over the next several days what that entails. But my understanding from the federal folks that I've talked to, it's if you do 20 years, it's 20 years plus 3/8 on the government bond. If you do 30-year financing, it's 30-year government bonds plus 3/8.”
- Speaker
- Bert Stedman
- Timestamp
- 80:48 – 81:29
- Source
- SFIN-260528-0900
- Community
- Alaska News
- Captured at
- May 28, 2026
From the transcript
So we've talked about that 40, mid-40 range cost factor, and some of us believe it's complete nonsense, right? It's an old number that's not relevant, and we'll get into that when we get into our modeling in a couple of days. But if they do the, you know, 70% debt level, there is the government loan guarantees and backing that we need to to get an understanding for over the next several days what that entails. But my understanding from the federal folks that I've talked to, it's if you do 20 years, it's 20 years plus 3/8 on the government bond. If you do 30-year financing, it's 30-year government bonds plus 3/8.