Originally Posted by
victormike
This I don’t understand. Without the full terms I guess we really won’t have all the context.
What part don’t you understand? Both the terms of the CARE program and the terms of any bond sale are all in the public domain.
Pretty sure they are so confident they’ll make money hand over fist that they don’t want the restrictions. Bold move for management.
That seems a naive comment. They are selling bonds to raise liquidity, not to buy airplanes. And the CARE restrictions are against using company assets for stock buybacks and restrictions on executive compensation over $3 million as well as for restrictions on Golden parachutes for those leaving. If in fac they are floating a bond sale for the purpose of being able to avoid those restrictions a year later, it would not convince me they believe they will be making money “hand over fist”.
YMMV.