2 ms·
EM already HAS committed financing. Now, he can probably blow up the commitment from his banks by continuing to engage in egregiously bad faith behavior, but un
by nocoiner 4y ago
EM already HAS committed financing. Now, he can probably blow up the commitment from his banks by continuing to engage in egregiously bad faith behavior, but under the merger agreement and the financing commitment papers, he’s required to draw on that committed debt. And, if the debt shows up like it is contractually obligated to do, and absent circumstances that are not present here, also use his own wealth to fund his equity commitment.