### Comment:
Except all the maturing debt won't roll off, it'll have to be refinanaced.

### REPLY:
Sure, but that is only an issue if a company has too much debt too begin with. If the company can't properly manage its balance sheet then you probably shouldn't be investing in it in the first place. If a company can pay off it's debt on schedule it is not a problem. 
  
 And on the other side of the equation, long term debt also becomes cheaper to buy back as the price drops with rising rates. So it is an opportunity to reduce debt as well.

### END.