Question
1. Why would a company potentially seek funding by way of its revolving credit facilities as opposed to the bond market? 2. Why did recently
1. Why would a company potentially seek funding by way of its revolving credit facilities as opposed to the bond market?
2. Why did recently many companies issue bonds to pay down their revolving credit facilities despite the fact that the rates on bonds are significantly higher than the rates on revolving credit facilities?
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
