ASCA - How in the world do companies like this get to borrow huge sums of money at 5% ?!?
From page 51 of
yahoo.brand.edgar-online.com
Interest Expense
The following table summarizes information related to interest on our long-term debt:
Years ended December 31,
2008 2007
(Dollars in Thousands)
Interest cost
$ 90,730 $ 77,621
Less: Capitalized interest
(14,091 ) (19,879 )
Interest expense, net
$ 76,639 $ 57,742
Cash paid for interest, net of amounts capitalized
$ 66,618 $ 52,313
Weighted-average total debt balance outstanding
$ 1,637,795 $ 1,107,234
Weighted-average interest rate
5.4 % 6.9 %
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