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Heavy debt isn?t much of an obstacle anymore for companies wanting to go public. Low interest rates are easing buyers? fears about issuers burdened with IOUs ?a ripple effect of the Fed?s easy money policy. Seven nonfinancial companies have gone public this year with debt exceeding three times their expected 2012 cash earnings, write the WSJ?s Telis Demos and Matt Jarzemsky. Intelsat ? one of the most highly leveraged companies to come to market since 2009 ? sold $498 million worth of common and preferred shares just this week.
Source: http://blogs.wsj.com/cfo/2013/04/19/the-morning-ledger-heavy-debt-loads-dont-deter-ipos/?mod=WSJBlog
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