[linux-elitists] Red Hat borrows $500M

Ben Woodard ben@zork.net
Wed Jan 7 08:34:26 PST 2004


They certainly haven't told us about it.

-ben
a.k.a. woodard@redhat.com

On Tue, 2004-01-06 at 18:13, Jonathan Corbet wrote:
> Red Hat is issuing debentures for $500M, due in 20 years, at a 0.5%
> interest rate.
> 
>   http://www.businesswire.com/cgi-bin/f_headline.cgi?bw.010604/240065945&ticker=RHAT
> 
> 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...
> 
> jon
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