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How much of this is actually being used to pay down SolarCity debt?
by erdle 9y ago
How much of this is actually being used to pay down SolarCity debt?
- JSONwebtoken 9y agoYou can't pay debt with debt. They may be getting better interest rates on the bond market to refinance their existing loans but total liabilities are going up, not down.
- koolba 9y agoSure you can. That's the exact definition of "refinancing".
- JSONwebtoken 9y agoYou may be paying off the note and it shows up as a different line item on the balance sheet, but it's not paying the debt.
- Retric 9y agoThis is new debt not stock. These are bonds @5.3% which is close to the rate SolarCity was raising money.