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Technology Stocks : WDC/Sandisk Corporation
WDC 159.98-2.2%2:34 PM EST

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To: SSDiesel who wrote (60112)4/15/2016 1:50:23 PM
From: SiliconAlley  Read Replies (1) of 60323
 
Yes, the $3/share is interest only. Even if they paid down debt in an amount equal to interest payments, their total outlay for (1) interest, (2) debt reduction, and (3) dividends at current level would still be only about half EBITDA.

Remember that SanDisk cash is going to pay off the bridge loan, so debt levels may not be as high as you think.
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