Thread: F9 secures DIP financing.
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Old 07-26-2008 | 10:32 PM
  #28  
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Originally Posted by 328dude
Can someone explain how this whole credit processer thing works. Seems UAL was having issues with them as well as of late.

Anyone know how that whole thing works in simple english? Does the company have to have a certain amount in reserve or are the fees outrageous?

Just curious.
What issues were those?! They REDUCED the amount they hold back......extra 350 million bucks to UAL's liquidity.
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