RE:RE:RE:RE:RE:RE:Why?Yeah, with $1.5B due this year and a total of ~$4.5B due in the next 23 months, they kinda had no choice. If they hadn't got that cash in hand, they would be at the mercy of the lenders come refinancing, and we would be looking at 10% instead of (hopefully) 5-6%.
Jim
PabloLafortune wrote: Jim, thank you for your contribution. I for one didn't realize how much was due in 2021. Explains the BT sale IMO. By the way, I was thinking if the govt were to help it would be better if there were precedents. For example, line of credit - precedent now exists. Investment in shares on the open market - precedent (Fidelity). Convertible Loans many precedents recently. Otherwise, there might be blowback of the C series kind if there is not.