But the problem is how they pay back the principal? Get a new loan with extremely high interest rate again and again? The size of the Senior debt is huge, and has to be paid back before subordinated unsecued notes I and II. It seems to me it's a vicious cycle. I know many people get new credit cards to pay back the debt of their old credit cards. They also pay interest to the credit card issurs as well. One day they may default repayment and declare bankrupcy.
What has Healthscope achieved since the Healthscope Note I was issued in 2010? How much money has gone to the drain for the failed pathology business adventure? In the six months to 31/12/2012, the company lost more than $100 million.
HLN
healthscope notes limited
