Billabong International Ltd, has been on the road lately trying to “raise debt in the US traditional private placement market,” according to a story on Australia’s Business Spectator.
The company has completed a series of roadshows in the United States, hosted by Bank of America, Commonwealth Bank of Australia and Westpac Institutional Bank. . . . The company has been pursuing an aggressive expansion in the US and Europe. . . . The US private placement market is a popular source of funds for Australian companies looking for long-dated debt.
Guess they’ve got to pay off Lake and the boys some how.
[Link: Business Spectator]
