Originally Posted by
Excargodog
From today’s WSJ:
https://www.wsj.com/articles/america...hs-11615973407
“No major debt” is in the eye of the beholder. I believe there is $500 million due this year and $750 million next year, both of which can probably be refinanced by another bond sale, albeit probably at a higher coupon. But most of the big bond issueswill mature in 2023 and later.
It seems like one big rob Peter to pay Paul scheme. I’m not nearly smart enough for this kind of high finance, but thats how it seems.