Question-and-Answer Session
Operator
(Operator instructions) And our first quarter comes from David Barden with Banc of America. Go ahead please.
David Barden - Banc of America
Hi guys, thanks a lot. A couple of questions if I could. First, Jay just on the bank line, I guess, you have a $472 million of what you outlined was maturities through the end of ’09, but you are also working on the bank line. So, I guess I just wanted to be clear that that assumes that if you can’t refinance the bank line with those -- that that $472 is the maturity. If you can’t refinance some or all of the bank line that that number goes down. The second piece would be Ben you kind of hinted at the very end that there is an opportunity to kind of go into the market and maybe acquire securities, could you kind of frame how that happens, do you have to wait for people to approach you with swap opportunities? Can you go into the market and just bid for them presumably, you know, who holds them and you presumably if the market is that tight you would be the only buyer out there to probably name your price. And then the last thing, third would be just in terms of the guidance outlook, obviously people are going to be interested in as WiMAX in there, as T-Mobile’s 3G network in there, kind of what are the pieces and parts of the guidance are, it will be great, thanks?
Jay Brown
Good morning Dave. Thanks for the question. On your first question the $472 million that we assumed in the forecast there in terms of debt maturities would be the $295 of the December ’09 maturities of the (inaudible), a $170 million related to the revolver and our assumption there is that we roll the revolver in January 2009 but would then save enough or accumulate enough cash during the full year 2009 to fully repay any amounts drawn. So, we have taken the conservative approach that we will fully repay it by the end of 2009 and then the other $7 million would be amortization related to our term loan.
David Barden - Banc of America
Got you.
Ben Moreland
But we are assuming just to be clear that we are going to ahead and roll it here in the coming weeks and then you go into ’09 on the assumption that you pay it off as you said Jay.
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