Prognightmare said:
Quote:
Roku Borrowed $100M Of Term Loans Pursuant To Credit Agreement, Dated As Of Feb 19
Benzinga
ROKU down to $153 AH.
https://seekingalpha.com/filing/4704181
Here's their 8-K they released AH. One of you finance grads can read this and post the cliff notes.
I can handle this for you. Let me try to dumb this down a little. Roku needed some cash. The bank has cash. Roku went to the bank and the bank gave them $100M of cash and Roku signed a promissory note (this is a legal contract whereby Roku agrees to take the money but it also says that they will pay it back). Now Roku will have to pay back that cash, over a period of time, but in addition to the cash they borrowed, they will also have to pay the bank back extra cash, called interest. Its how the bank makes money on the transaction.