So I don't know how they worked this out but if the company stays solvent this is a great deal for investors. From what I understand (if I am understanding correctly) they are selling a tax exempt Muni Bond that can earn up to 7% interest. Very rare in this country. Think of that though, you buy these bonds and all the income they produce and appreciation are capital gains tax free. AND, they are still having issues selling them because of their high risk.....that should tell you something about raising funds for HSR projects right now. Also, interesting the line is going to be all electric which also adds a little more to the cost and to the risk.
https://finance.yahoo.com/news/fortress-delays-pricing-3-2-183751920.html
Our community is FREE to join. To participate you must either login or register for an account.