“The $2 billion ... reduced $63 billion of debt to $27 billion ... something like a 3300% return”
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Said on Slate Money
Slate Money · The Specter of Puerto Rico’s Debt
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completed 12 out of 13 restructurings, cutting total debt from $63 billion to $27 billion
$63 billion → $27 billion
“The $2 billion ... reduced $63 billion of debt to $27 billion ... something like a 3300% return”
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
“Thomas Bravo led the deal. The purchase price was $12.3 billion… financed with $4.6 billion in the syndicated first lien loan… 37% of the purchase price was funded with debt.”
“Thomas Bravo led the buy-up. The purchase price was $10.4 billion… debt level is relatively low at $2.5 billion… 24% of the deal was funded with debt.”
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