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Okay, I'll admit to being a little naïve on big finance but holding a debt like this is still going to cost them 30 million a year. If it's "only" 7% of revenue
by oliwarner 5y ago
Okay, I'll admit to being a little naïve on big finance but holding a debt like this is still going to cost them 30 million a year. If it's "only" 7% of revenue, surely they'd pay the debts off.
Seems more likely all that revenue is sunk into existing costs and they need the loan to remain liquid.
- foota 5y agoOf course the revenue is sunk into other things, they're trying to invest as much as possible, and so they're looking for additional funding to grow.