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For the Raptors, parting ways with Gay gives them future financial flexibility.
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This is a significant deal, but even with this deal have plenty of financial flexibility for future opportunity.
While the trades of Johnson and Williams did not yield any impact players, they did provide significant financial flexibility for the future.
"A merger of these two world-class companies with complementary assets is highly compelling" and would provide "enhanced scale and financial flexibility to fund future growth," Xstrata said in a statement.
Alderson has, from his hiring, pointed to a future day when he would have some financial flexibility.
"The new bank facility and reduced pension contributions ensure that the group has sufficient financial flexibility for the foreseeable future," the company said.
He said that with no control over monetary policy, an indebted country would be left few options to respond to a future financial shock because it would have little flexibility on spending and tax measures.
For his part, Mr. Ravitch said, "Our bet is they will create some exciting stuff over the next five years, and this allows them the creative and financial flexibility to own their future".
The publisher of the Daily Mirror, People and more than 100 regional titles said that it has been forced to strike deals for a new finance facility and with its pension trustees to give it sufficient financial flexibility for the forseeable future.
The company says it is raising the money on the public market "to reduce overall indebtedness and provide the Company with greater financial flexibility to drive the future growth of the business".
The higher credit ratings are "not a complete advantage for the Bells, but they mean Sprint has less financial flexibility to merge with others in the future," said Dave Novosel, a credit analyst at Gimme Credit.
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