Gartner Inc T.IT.R

Primary Symbol: IT

Technology Information Technology Services

Gartner, Inc. delivers actionable, objective insight to executives and their teams. The Company operates through three segments: Research, Conferences and Consulting. The Research segment delivers independent, objective insight to leaders across an enterprise through subscription services that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts located around the globe. Gartner Conferences are designed for information technology (IT) and business executives as well as decision makers looking to adapt and evolve their organizations through disruption and uncertainty, navigate risks and prioritize investments. The Consulting segment serves chief information officers and other senior executives to optimize technology investments and drive business impact. The Company also provides solutions for a range of IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization.

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Gartner Inc

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Post by jammo71on Dec 19, 2016 10:33am

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Post# 25619019

Loan interest

After reading Cohodes' vehement harping about the interest rate, I went back and re-read the release.

Only the second 90m tranche is at LIBOR +9%. The first 70m "has pricing and pre-payment terms substantially consistent with those applicable to existing term loans under Intertain's existing amended credit agreement."

Does anybody happen to know what the existing terms are? I'll look it up later if I have time but was hoping maybe somebody knew.

Also - Cohodes challenged his followers to name 5 other companies that borrow at LIBOR +9... does anybody know if that rate is totally outrageous? Would be good to understand if it's close to an industry norm or if it really is WAY out there.

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