PNC
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1.14% 43.5¢ pioneer credit limited

I think the deal was probably just too good to miss, so they...

  1. lordolean
    2,876 Posts.
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    03/01/24
    15:11
    Post #: 71710905
    I think the deal was probably just too good to miss, so they paid the 10% and hoping for a 20% return at a guess. You are right the existing balance sheet cannot take more leverage and so went with the SPV for now....probably more deals to come like this. Key is getting the refinancing done now...
    PNC Price at posting: 44.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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