Regulus Arcturus Black
Full Member
If that's the case, why not pay the debt off from the start, they can easily afford to? SJR is worth £20b and INEOS have revenues of £60b, so what's £500m to them?
Because if the debt was on 2015 terms with better interest rates than today, why not? it’s peanuts for INEOS to service.
I think some people see debt and only think “Glazer debt”, probably not realising that even City took out a loan on the club last year and that amazon currently have 169bn of debt.
https://finbox.com/NASDAQGS:AMZN/explorer/total_debt