alt Hacker NewsI think a lot is fixed, but for a fairly short term. So you have roll the debt over (at the new market rates) every 5 to 10 years.
I think a lot is fixed, but for a fairly short term. So you have roll the debt over (at the new market rates) every 5 to 10 years.
Yeah, it's rarely not fixed, and a lot was tied to the historic expectation of the investment being at most ~5-7 years.
Closely related, you can read about the PE Zombie funds that cover a lot of this debt.