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back to article Banks bung hard-up Acer £315m loan

Troubled Acer has penned a new financing deal to cover working capital requirements and pay off a previous loan it took out to acquire Gateway. The firm has gone through a major reshuffle of management following a loss-making year in which sluggish consumer demand caught it by surprise and resulted in an inventory pile-up. The …

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Anonymous Coward

And we wonder why the global economy is up the Suwannee.

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Coat

Need to get stronger glasses

"It added that the agreement will "facilitate Acer" for five years" - thought that said .... will fellate Acer for five years.....

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Bronze badge

Taking out a loan to pay off another loan?

Beginning of the end.

And I don't care if it is considered a valid business "procedure".

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