AI
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Friday, July 15, 2016 2:06:51 PM
then 3.7% is nothing special.
Got a link to prove that. Ha!
Just illustrates that banking isn't your thing.
FYI. Apple a couple years ago took out $17B in debt while sitting on $150B. It was the biggest corporate issuance of debt ever. The $5.5B traunche was issued at a rate of 2.4%. Around the same time, Nike raised debt at 2.27%.
Let's compare:
ABRW - 3.7%
APPL - 2.4% - largest corporate issuance of debt ever
NIKE - 2.27%
Yeah, it's nothing special for an OTC company to land a loan and revolving line of credit like this. And we all know that nothing supercharges the bottom line like leverage.
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