FURTHER CLARIFICATION >>> 1.61 times the cash received, 327 million is the 530 million,<<<
The way I read it , the notes are for 327 million in cash received now.
Because no interest is paid in cash for five years , it's added onto the principal to accrue to an amount of ~530 million in five years. That is around a 10% rate of interest. ( 1.61 X 327 ) After that , (it appears from the limited info we have) the interest is paid in cash for five years , at which point AMZN , if still in existence and able to do so, pays off the bonds.
That is how I read it , but it sure would be nice to get a look at the actual paper , instead of these press releases , "analyst" comments , and the like , which have confusing ways of describing things , at times. |
