How to Be a Bigger, Better Book Publisher
Two multi-million-dollar publishers share the creative strategies behind their companies’ growth.
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He and I came to an interesting finance agreement, which entailed me buying the business with all its debt and keeping the equity for myself. The way I was able to accomplish this was to divvy the debt. One-third is senior debt secured with the bank, one-third is subordinated debt out of a company called Chicago Prairie Capital, and one-third is considered seller paper from Lee. The terms are structured to service the debt and still invest and grow business.
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Sharon R. Cole
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