"Three people briefed on the matter said the warrants, which would give the government the right to buy equity at a pre-set price and time, would be equal to 10% of the value of the loan.
That means that every $1 billion in government aid would include $700 million in grants, $300 million in low-interest loans and an option for the government to buy $30 million in shares. Two people said the warrants would be priced at current stock prices."
I am sure airlines don't like this either but it does not sound as bad as thought before.
Submitted April 12, 2020 at 05:59PM by flyingabove350 https://ift.tt/34wqSym
