You're smarter than that. We both know that they aren't getting $1.425b in cash:
Represents an adjustment for pro forma capital structure, see table below.
Face Amount (in thousands) of Instrument Mortgage debt assumed by ARC Hospitality in this transaction $ 865,000 Mortgage debt assumed by ARC Hospitality in this transaction 111,000 Class A Units 451,000 Common equity 498,000 Total $ 1,925,000
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.