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That money would also be used to retire debt.
And it could use Porsche's profits to retire debt.
"As there's an effort to retire debt, you have to go back to talk to new people," he said.
But, he said, it might be used to retire debt, acquire new theaters or fix up old ones.
As a result, he said, the entire Social Security surplus could be used to retire debt over the next decade.
An April 23 benefit show to help the owners retire debt, featuring Jane Condon, a local comedian, is planned.
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"People like to retire debt-free, and that's all fine and dandy, but you don't want to avoid credit altogether," said Greg McBride, the chief financial analyst for Bankrate, which tracks the lending industry.
Howard J. Samuels is sponsor ing a fund‐raiser with Mayor Lindsay as honorary chairman, to retire debts from Mr. Sam uels' unsuccessful gubernato rial bid this year.
But continuing to raise money after the election to retire debts is even less desirable, particularly if the candidate was defeated.
All the proceeds will go to retire debts, reducing the company's total to $2.9 billion from $5.2 billion at the end of June.
Maybe you want to travel, move closer to family, buy a vacation home, retire debt-free — the possibilities are endless.
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