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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.69+1.7%Dec 10 3:59 PM EST
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To: Glenn D. Rudolph who wrote (19913)10/4/1998 3:24:00 PM
From: OtherChap  Read Replies (3) of 164684
 
>I believe the junk bond debt is between $500 and $550 million. I >would to look to be specific. It is much higher that $300 million.

Thank you for correcting me Glenn, I had almost forgot that while the repayment value of the bonds was closer to 550 million, Amazon only received 300 million in cash because of the extreme risk involved in this junk. As of yet, no information has been released about who bought these bonds, even though that sort of thing is illegal. I'll bet they were probably bought by AMZN's underwriters as nobody else would touch them.
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