BudBundy
Registered User
- May 16, 2005
- 5,995
- 8,129
Because of Chiarelli they HAD no cap room. They had to bridge him.They bridged him twice. Vs do term on the second bridge. Even at max term he’d be half way through it plus likely in around the low to mid $7’s range vs the $5.6 mill on the second bridge and less than the $9.25 mill.
They signed that second bridge deal early in Feb 2020. Not sure why they felt they needed the cap room then.