Suppose a company has some large chunk of outstanding debt. And when they go to renew that debt, they find that interest rates are higher.
Assuming they have excess unspent capital, what would make them want to renew their debt at the higher rate, instead of just paying off the debt?
Submitted March 10, 2017 at 05:13PM by naroom http://ift.tt/2m9V0I5
