Just incase anyone was wondering. Payments on this new $405M loan work out to roughly $49,931 PER DAY 365 days per year until march 30th of 2031... and on April 1st 2031 Theres a balloon payment due of just a hair shy of $323,000,000.
OR $69,827 EVERY SINGLE WORKING DAY. $8728/hr... every working hour, for five years.
@ak it’s you’re, not your.
@a7 $50/ hr cost means gross pay to the employee of $35-$40 max.
So the headcount calculations are correct, but their salary will be less than the cost to keep them.
@aj I like how you are making assumptions on people's career planning and ability to understand your *superior" intelligence and education. Hopefully your in the top ranked employees in relationship of pay and can easily be let go if you haven't already been.
@a8 because you need a baseline understanding of finance to understand the answer. Anyone that had that and spent minute looking at the data would not ask the question. "making the payment" is not relevant. We cannot pay the bills now and it is getting worse as time passes.
You guys are trying to rationalize your lack of career planning with optimism. SB and team have destroyed everything they touched. Reinvention is not a thing.
@a6 When you call people names and say they are wrong why don't you post how they are wrong on what is right math to be used?
175 people x $50 hr = $8750/hr
350 people x $25 hr = $8750/hr
In the initial post the claim was $8728/hr. So I guess a1 post was off we would keep an 1/2 person for the $22/hr difference.
We have way more than 175 people making $50/hr (Roughly 104,000/yr) and we all recognize that we still need to cut people..
@a1 try again nitwit. BTW if you can understand this - that is one loan. We have many more.
@OP insane math…
175 employees who make $50/hr or 350 employees who make $25/hr
We can easily make that payment.. we should have that number of employees released in the next 90 days.