This board has been migrated to our new platform! Check out the new home page at discussion.fool.com or click below to go directly to the new Board on the new site.
Last month my company's CFO made this public statement.To repay existing indebtedness and run the business according to our plans, we believe we should put in place a new larger credit facility and a worldwide cash management facility. We are reviewing proposals from three first-tier financial institutions and I am confident we will close with a satisfactory credit and cash management facility by the middle of next month. What is a "worldwide cash management facility?" What are the implications of my company looking for one?Thanks.Nemik
Best Of |
Favorites & Replies |
My Fool |