4 ms·
> Why is that hopeless? because you can’t take 20 years to pay off debt that is due in 2 years.
by happyopossum 1y ago
> Why is that hopeless?
because you can’t take 20 years to pay off debt that is due in 2 years.
- rwmj 1y agoRefinancing, but whoever lends them the money will take a long hard look at the rest of their finances and decide to pass.
- bradly 1y agoThe article mentions this as an agreement between the bondholders and shareholders, I believe, who are both mutually incentivized to come to agreement. If I understood correctly the bondholders agree to a future convertible note of some sort.