The debt on TLT's balance sheet would have been passed onto PowAR - the consortium who purchased Tilt.
I know management have said in the past that the Tilt proceeds would be used to pay back a bridging facility that was used to buy Pacific Radiology on the interim.
Personally, I'd rather the company use the funds to pursue new acquisitions/fast track existing and not pay down debt, purely because the cost of capital is extremely low, hence, all the M&A in the infrastructure sector of late.
But yes, IFT has liquidated $2B of a $5B MCAP. Luckily for us we have plenty of opportunity for investment in our existing platforms.
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