A steady rise to 800 would be useful, but there's still a jam tomorrow feel. 10% headcount reduction and the charge taken on the China facility needs more comment.
Today's announcement looks good but there's a need for more transparency. The derivative profit dwarfs the operating loss but there's v little detail on how/why, will it continue etc.
Senior notes are low risk (for the lender) and carry lower interest rates. Refinancing in senior notes keeps debt interest low/manageable vs junior notes.