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If the company is unable to service its debt, it could go bankrupt.
Greece's government has rescheduled much of its debt; it has not defaulted.
The longer it holds investments, the more of its debt it has to repay.
But rather than default on its debt, it diverts money from other spending into paying back bondholders.
So if it defaulted on its debt, it would not immediately have to borrow from the markets.
The club is quietly shedding the debt it incurred to build its new stadium.
Indeed, one reason for Dendreon's struggles in its efforts to commercialize Provenge was the debt it assumed, in part, to finance its production facilities.
And with its strategic location and surprisingly low levels of debt, it has rapidly become an investor favorite.
And even its ardent supporters had reservations about the amount of debt it would incur.
It is restricted in how much debt it can raise by government rules (although it recently issued its first bonds).
On 30 year debt, it is only 2.3%.
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CEO of Professional Science Editing for Scientists @ prosciediting.com