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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?


To: SSDiesel who wrote (60112)4/15/2016 1:50:23 PM
From: SiliconAlley  Read Replies (1) | Respond to 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.