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I don't understand why they need a 5 billion dollar revolving credit facility.
by htrp 2y ago
I don't understand why they need a 5 billion dollar revolving credit facility.
- airstrike 2y agoI guess it's a reasonable enough financing decision for a fast growing pre-IPO company which cannot issue public debt. Gives them optionality and access to short-term debt at likely favorable terms, as I imagine banks are trying to please them however they can to win future mandates
- idrathernot 2y agoHigher free cash flow bolsters the upside case for the next raise