Jan
20
NY Times borrows $250m from Mexican billionaire at 14%
Posted in: UncategorizedNEW YORK – The New York Times Company has confirmed that Mexican billionaire Carlos Slim will lend it $250m (£170m) at 14% interest, which will be used to refinance its existing debt, in a deal that will eventually increase his shareholding in the company from 6.9% to 17%.
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