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Whoever ends up buying the company will — in addition to taking on mountains of existing debt — need to come up with a different financing model that most likely will involve borrowing money on more expensive terms.
Wall Street's powerhouses agreed to take on mountains of debt, with little protection, during the hey-day of the buyout craze.
He highlighted families "struggling with bills that are growing faster than their wages" and young people "taking on mountains of debt to get a proper education, only to find themselves with no job at the other end".
"Millions took on mountains of debt and young people began struggling to cling to the same economic rung as their parents".
Arabesque is one of a growing number of investors that are leaning on mountains of new data about companies' environmental, social and governance performances in hopes of making more profitable trades.
Nor could one have great confidence in a bank sector where balance sheets rested on mountains of dodgy lending repackaged into impenetrable bundles of alleged assets.
Similar(8)
In taking on Clearnet, Telus is taking on a mountain of debt, cautions Nick R. Strube, analyst at Canaccord in Toronto.
Indian companies took on a mountain of debt, largely because it was there.
He blames Mr. Prince for taking on a mountain of risky debt that later proved toxic.
Even if this choice means taking on a mountain of debt?
As the day wears on, molehills become mountains of trouble.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com