“Verbatim

“Debt is down to almost nothing compared to where it was. It was $60 million, now it's down to $4 million”

The SME Stream · Primary sector: Dairy comeback, fertiliser and lamb risks - Fri 16 Oct

Play from 2:36
2:36

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

paid down total debt from $60 million to $4 million, leaving only working-capital debt

$60 million → $4 million

Said nearby on the same subject

“We were able to take that company from 70 million in revenue down to 60 million … up to five million operating profit… paid off 8.5 million of the debt in 18 months, just by doing things like collecting receivables or DC inventory.”
JA
James Andersen
Buyers and Builders ·
Why it worked $70 M revenue, $500 k operating loss, $10 M debt, $60 M revenue, $5 M … Share this moment
“He alludes to having $60 million in debt and about over $100 million in equity”
♫
Said on The Fin
Hard number $60 M debt; $100 M equity Share this moment
“We paid Jim White and Irv Weintraub a total of $44 million… lost the lawsuit for the building they bought for $35 million… bonuses of about $25 million.”
AE
Ari Emanuel WME-IMG merger
On with Kara Swisher ·
Why it worked $44 M; $35 M; $25 M Share this moment
“They can help unlock up to $3 million of conventional debt on top of the $5 million limit of SBA 7A loans.”
♫
Said on Acquiring Minds
Business model $3 M extra debt; $5 M SBA limit Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.