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by mdorazio
1146 days ago
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For those curious... > The Facebook parent plans to use the funds to help finance capital expenditures, repurchase outstanding shares of its common stock, and for acquisitions or investments, according to the report. Still not clear why they need a bond issuance to accomplish any of these vs. using their massive cash-on-hand warchest. My guess is some kind of interest arbitrage. |
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