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They were forced to refinance their initial borrowings with bank loans and high-interest "payment in kind" (Pik) instruments.
Last year, Alexon raised £18.5m from investors in a share issue, and renegotiated its borrowings with Barclays after nearly breaching banking covenants.
In fact, that figure was the total amount of their combined borrowings with a number of companies in which they had shareholdings.
The fall-out from the hubris forced Dubai World into renegotiating $26bn of borrowings with creditors last year, although P&FZ was excluded from that deal.
The music, as anyone who has encountered Barry's glittering, sharp-edged work will know, combines absurdity with grand statement, mosaic-like borrowings with reinvention, rhythmic regularity with harmonic anarchy.
The business has been hit by clients withdrawing their money because of the credit crunch, and on 14 November it said it had accepted tougher terms on its borrowings, with the interest rate payable increased by 1.5 percentage points.
Similar(47)
Philologists have had a field day with his borrowings, beginning with the roster of dwarfs that accompany Bilbo Baggins, which Tolkien lifted directly from a tenth-century poem in the Poetic Edda, a collection of Icelandic verse.
It didn't work particularly well: a listener more taken with the "Thamos" borrowings than with "Zaide" might have wished that the pit band, Concerto Köln, had played a symphonic concert instead.
The bank paid substantially less interest on its own borrowings, compared with the second quarter of 2012.
The nature of these borrowings, together with the linguist's relatively richer knowledge of early Indo-European, supports a southward movement of Proto-Finno-Ugric and also provides some insight into the culture of the Finno-Ugrians.
44 45 Nevertheless, our results suggest that increases in large borrowings associated with inpatient healthcare were smaller in AP.
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