Thread regarding Thomson Reuters layoffs

8B buyout loan, 400bp over libor. Hold on to your butt

Hahaha, read the article below. Loanpriced way over libor, and making bets on headcount and infra cost reductions (heard that like 10 times before)... when BS finds they cant make infra reductions the headcount is gonna go bye bye

Let us know what you think... sounds bad to me

https://money.usnews.com/investing/news/articles/2018-09-04/refinitiv-launches-us-8bn-buyout-loan

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| 1403 views | | 2 replies (last September 12, 2018) | Reply
Post ID: @OP+V2c55dh

2 replies (most recent on top)

Still a junk bond...

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Post ID: @5csg+V2c55dh

L+400bps on senior debt is not atypical for an LBO.

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Post ID: @5kea+V2c55dh

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