CAJ 1.69% 29.0¢ capitol health limited

Still couldn't figure out the logic... The company is actually...

  1. 6,964 Posts.
    lightbulb Created with Sketch. 529
    Still couldn't figure out the logic...
    The company is actually replacing $50m bank debt with $50m un-secured junk bond, by pay a much higher rate of 8%+ ??

    How can this be translated into plain words?
 
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