Avigilon Loads Up With $200 Million More
Author: John Honovich, Published on Apr 08, 2015Login to read this IPVM report.
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Comments (2)
Undisclosed #1
What's the rationale for drawing down acquisition funds at any point before closing a deal?
Isn't the whole point of a credit line to allow you to instantly draw down cash as you need it, but not before? Who wants to service 80 million in debt for no reason?
Unless it was a covenant of the line, I expect it is going somewhere very soon, agree?
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