3 ms·
2bn in debt on negative 250mm of adj. ebitda? Wow
by formercoder 6y ago
2bn in debt on negative 250mm of adj. ebitda? Wow
- newguy1234 6y agoNot a concern at all. For IPO type companies, the objectives is to grow as fast as possible. Losses in the short-term don't matter.
- formercoder 6y agoFor a normal non-tech company, this would be considered beyond over leveraged, in fact no one would have ever lended to them at all. Granted these notes have warrants attached, I’m guessing SVB was involved, but still that’s a lot of debt service for a company with no cash flow.