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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Greater Fool who wrote (91885)	1/22/2000 11:04:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

With respect to your previous post, sure no bank would loan them that sum. They'd be far more likely to float a bond issue, or convertible debt, or preferred stock. Amazon actually had a bank loan for $75 million a bit more than two years ago. The bank had all assets of Amazon for as their gurantee. At that time, much of the original capital from Kleiner Perkins was still in the firms and Amazon did have a book value that was tangiable of about $75 million. However, the loan was called and Amazon floater their first junk bond. I can't recall if the loan was called first or if the junk bond deal went before the bank made the decision. The bank had restrictions on how Amazon could spend that line of credit.