Were you taking this advice from the company 6 months ago?
The cash impact to Zip’s corporate interest expense as a result of the above changes to the Group’s
capital structure is expected to be immaterial.
They had a corporate facility of $120 mil, tipped $10 mil cash to pay CGI, then borrowed the other $30 mil. Now they have paid$20 mil down and were only $10 mil away from having not had to borrow $150 mil at a cost of $287 mil. Crazy muthas.
Or they got shaken down
$3 SOON, page-502
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