2 ms·
Emphasis on the leverage part. Interest rates matter, a lot.
by AJ007 13y ago
Emphasis on the leverage part. Interest rates matter, a lot.
- justincormack 13y agoProbably all swapped or funded at fixed rates. You don't do an LBO and then go bust when rates rise. You still need to refinance but the assumption is you have made cost savings, sold stuff and reduced leverage by then.