RE:Posted a little less than a year ago about bankruptcy
realy ? ...
why stock go to 110$ ? just 12 month before the impairment ?
and why they go for a lot of debt .. concordia have a good choice to go for more new stock at 65$ .. bad decision ...
concordia have only 53 million of share .. this an ABC of financial structure ...
The US$2.835 billion of debt financing and gross proceeds of US$520 million raised from the Company's recent public equity offering, along with cash on hand, will be used to fund the purchase price for AMCo, refinance certain Concordia and AMCo debt, and complete the acquisition, which is scheduled to close on or about October 21, 2015. With this financing structure now finalized, Concordia confirms that as expected it will be in compliance with its existing bond covenants, including covenants relating to senior secured debt/EBITDA and fixed charge coverage ratios.