At that time the companyÆs creditors took priority and while they were able to raise a combined $1.2 billion in a market that was just coming out of a six-week correction, the company had to settle for $300 million worth of primary capital. YesterdayÆs CB makes up the balance of the companyÆs original fund raising target of $700 million.
According to the term sheet, the proceeds will be used for general corporate purposes, which will include funding for...
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