Reports continue to indicate that Reed has had to put together a financing package to cover most of the purchase price of the Reed Business Information unit in order to get someone to “buy” it. (In this case, “buy” likely means agree to make a small down payment and take the big debt package Reed is offering, with the properties as collateral.) They have had to supplement a $1.26 billion package of staple financing from a coalition of banks with another $330 million in loans from their own balance sheet in vendor financing. Which probably means that, while bids were […]
