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reaper247

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reaper247

Re: laraz5 post# 181

Friday, 03/17/2017 12:41:46 AM

Friday, March 17, 2017 12:41:46 AM

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Wrong again laraz,

Its not debt until the company actually borrows it.

I think most people get that. Not sure why others have such a hard time with it.

Of the $300M available to Legacy from Blackstone in a credit facility, Legacy hasn't actually borrowed much.

If someone has a credit card with a $30,000 limit and they charge $6,000 to that card, in what world does that make them $30,000 in debt to the provider?

It doesn't. Its a dumb argument to even try to have.

Hope that clears up any confusion.

GLTU, IMO and FWIW.

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