Exact(18)
Mr. Black's sale seemed to be motivated at least in part by his large debt load, $1.6 billion.
The company said on Thursday it was looking to raise capital to reduce its large debt load and to fund future growth.
For the Jackson estate, the deal will help alleviate a large debt load, at least $300 million when he died, built over time by the artist's unfettered spending.
The deal will allow Hit to pay off its large debt load, put in place when the company was acquired by Apax in 2005 for £489.4 million.
Looking over the list above, "euro-zone country with a large current-account deficit" is a vastly better predictor of crisis than "large debt load".
The company, which filed in Delaware bankruptcy court, attributed its decision for file for Chapter 11 protection on the burden imposed by its large debt load.
Similar(42)
An economy with its own currency can sustain very large debt loads without prompting a crisis.
Stock analysts say companies with large debt loads, like ITC Deltacom of West Point, Ga., and Mpower Holding of Pittsford, N.Y., are particularly vulnerable.
While some of the weaker companies with large debt loads may collapse, stronger brick-and-mortar retailers — not just Amazon — will take market share, these people say.
The money raised is being used to help repay large debt loads, restock cash reserves and revamp operations after shedding unwanted assets.
Officials often point to the need to pay for new water supplies or fix leaky pipes as a reason to raise rates, and the utilities also typically carry large debt loads that require interest payments.
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