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#568387
Mon 29 Jun 2020 06:40:PM
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Joined: Feb 2001
Posts: 381,903
Launch Director
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Launch Director
Joined: Feb 2001
Posts: 381,903 |
The loan and a $500m credit facility that belong to F1 are governed by a covenant in which the lenders specify the maximum possible leverage, or ratio of total debt to profit, that F1 is obliged to operate within. Usually that number wouldn’t be an issue, as F1’s annual profits have always been sufficient to keep the ratio well below the required limit. However, with 2020 profits set to be ... Keep readingSource: $2.9bn loan amendment to help F1 weather crisis, says Carey
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Entire Thread
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$2.9bn loan amendment to help F1 weather crisis, says Carey
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Mon 29 Jun 2020 06:40:PM
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