Quote:
Originally Posted by Slappin Fish
Penthouse (FFN) borrowed 500 million from the banks but to pay who? Think about it a bit more..
Two years, countless threads, you still dont understand LBOs. FUCK you are thick.
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Assuming they actually borrowed 500 million from a bank, the logical answer would be that they paid it to Various Inc. However, where do you get this information from that such a loan took place?
Which bank you seem to think penthouse borrowed 500 million from, prove me and the people who know whats going on and told me what happened wrong. What do you have to base your statement on that a bank loaned them 500M and the 499M in debt they still have is owed to the bank and not most of it being owed to Various Inc.