In anticipation of the receipt of RTB proceeds, we elected to reduce our debt by repurchasing a like amount of our high cost senior notes using excess cash on hand. The notes repurchased will reduce ACS' gross cash interest expense by approximately 790,000 per annum, more than offsetting the expected loss of approximately 500,000 in annual dividends we have historically received from our investment in Class C RTB stock.
Quotes about rtb (2 Quotes)
RTB isn't an ordinary producer in the same way that The Darkness aren't an ordinary band. He and the band were introduced in Los Angeles, instantly bonded over a mutual love of rock and were able to start assembling the album together. Roy Thomas Baker is a genius, that's all there is to say about it. ... It's been a privilege to watch that man work, his ear is perfect, his instinct fabulous.