psi81
Just because it's a facility doesn't mean you pay interest on the whole lump straight away. It's a facility,
They can draw down on it when they want. Therefore if they draw down $20 mill in the first 2 months, they only pay interest on what they draw down on."Not the full total"
It's not a direct loan of $100 million.
The 2 are quite different.
Cheers
mmerd
finance announced, page-11
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)