Kevin O'Leary http://en.wikipedia.org/wiki/Kevin_O'Leary_(entrepreneur) the co-host
of BNN's 'SqueezePlay' phoning-in from LA was saying he's been trying to obtain a
$150M loan for an 'established and profitable' company; i'm presuming that he's trying
to get the loan in the States, tho he could well be quoting his experience with Canadian
banks, anyway he was quoted a rate of Libor + 10%
we don't know the details but how common might such a quote/loan rate be ?
kinda pokes Paulson in the eye doesn't it if the banks Are lending but
at a rate which is financially impractical for companies needing loans
of BNN's 'SqueezePlay' phoning-in from LA was saying he's been trying to obtain a
$150M loan for an 'established and profitable' company; i'm presuming that he's trying
to get the loan in the States, tho he could well be quoting his experience with Canadian
banks, anyway he was quoted a rate of Libor + 10%
we don't know the details but how common might such a quote/loan rate be ?
kinda pokes Paulson in the eye doesn't it if the banks Are lending but
at a rate which is financially impractical for companies needing loans