Thread regarding Synamedia layoffs

October Q&A Bull$h1t

  1. Why didn't we try to refinance 2-3 years ago when interest rates were lower?

"Predicting interest rates is extremely complex and influenced by various economic factors. It’s challenging to foresee changes with certainty, even with the support of financial experts and analysts. Hindsight does give pause for reflection, but in this case, it was not possible to predict higher interest rates and the challenges in the lending market which is at the most difficult in a generation."

No, you imbeciles. You mo.rons waited until June 2022 to start the process when YOY inflation was already heading to 8% in the US and much higher in the UK. The Fed already started hiking rates like their a$$ was on fire, but you sat there thinking "oh no, it's impossible to predict where this is going. oh no. Let's just send out a bogus bonus letter, hee hee"

F.uc.king. clowns.

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| 1481 views | | 4 replies (last November 2, 2023) | Reply
Post ID: @OP+1oWuhmhx

4 replies (most recent on top)

they tried refi first years ago. at no point would anyone give them what they wanted because the BT business is in terminal decline and they torched $100s of millions on nonsense MCS products no ones buying

utter incompetence

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Post ID: @srik+1oWuhmhx

@1uwu+1oWuhmhx If that's the case, assuming a 12 month process, refi is 18 months "overdue".

So much for "strong validation".

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Post ID: @1bbj+1oWuhmhx

We first started trying to refi in March 2021 - it's a hard sell!

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Post ID: @1uwu+1oWuhmhx

The Q&A makes it clear that if the much smaller than hoped for refinance goes through it will, at best, keep the lights on for a bit longer.

"The debt package is not the full amount we initially planned...it also provides strong validation from the market on their confidence in us, our plan, and our future success."
Strong validation? Really? The market didn't have the confidence to provide the full amount asked for!

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Post ID: @qnb+1oWuhmhx

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