Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Brett Levy - Jefferies & Co.
Brett Levy - Jefferies & Co.
Relative to the second quarter, do you guys see EBITDA trending up or down for the third quarter?
Robert Hardy
The third quarter is historically our best volume quarter. We expect EBITDA to be higher in the third quarter versus second quarter.
Brett Levy - Jefferies & Co.
You guys talked about not only increasing liquidity, but also gaining access to capital. What kind of room is there to do some sort of additional senior capital raising or sale leasebacks or what room is there to do some of that capital raising under your bank debt covenants at this point?
Michael Harlan
One thing just let me take a piece of that and then I’ll flip it over to Robert. We are looking at all of our assets as I mentioned. We’ve idle vehicles. We’ve idle land. We’ve idle plants. Some of those we’ve obviously expected to use in the future as volume returns, and some I think one positive aspect to this downturn in the cost control measures.
I think we have permanently improved our operating cost structure through measure that is we’ve taken, and may actually have some excess plant and lands that we can dispose of. So we’re evaluating some of those things to raise additional capital and liquidity for the balance of the year. We do have some flexibility under our credit facility. Robert, do you want to comment on what flexibility we have?
Robert Hardy
What we disclosed, whether would be under our indenture or under our current ADL facility we have. We’ve some capacity or some assets that aren’t ring fenced around the revolving credit facility. So on the outside when you look at the indenture, we’ve got in them. Potentially, in the mid 20s millions if you will of borrowing potential.
I assume that we can find the right lender to assist us in these tough times. So we are looking at potentially trying to lever those assets as we go along. We do have some room albeit not an open checkbook, but we’ve at least $25 million of potential borrowing capacity you under our current restrictions.
Operator
Your next question comes from Todd Vencil - Davenport & Co.
Todd Vencil - Davenport & Co.
Michael, you noted in your prepared remarks that your outlook for more than 25% down in volumes is not only more pessimistic than the PCA and F.W. Dodge, but also then your own backlog would indicate and that last comment they have caught my ear. Why are you feeling more pessimistic than your own backlog would indicate at this point?
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