RE:Another interview with BellemareThe interest they paid for 5 years decimated the company. (2020 will be the 6th, 2021 will be the 7th year if Alstom deal doesn't go thru) which all in (Ltd, LC, vendor, prefs) is ~US$800M per year or $5-6B after 7 years). Mgmt focused on EBITDA which was wrong (ask Munger). CDPQ added fuel to the fire (not surprisingly they were advocating a BT merger years ago). They should have raised $2B of equity and borrowed 6B from ??? @5% (govt can borrow half at 1.x%, net return 7-8%) and they'd still own 100% of BT and 50% of C series.