[linux-elitists] Red Hat borrows $500M

Jonathan Corbet corbet-elite@lwn.net
Tue Jan 6 18:13:41 PST 2004

Red Hat is issuing debentures for $500M, due in 20 years, at a 0.5%
interest rate.


They are convertible for stock at $25/share.  

Question: why would Red Hat, with $300M in cash and investments, borrow
$500M more?  If they're doing something involving that sort of cash, I'd
sure like to know about it...


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