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this post was submitted on 20 Nov 2023
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Do you really think a company like that would be paying 10% interest?
My 10% estimate is assuming April 2022 (edit) market, when the deal was signed.
It could be as high as 15% depending on circumstances. But yeah, consider the 10% number an underestimate.
Rumor is that half the debt was variable and half the debt was fixed. Suggesting about 13% or so interest today.