The Channel logo

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 …

COMMENTS

This topic is closed for new posts.
Anonymous Coward

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

0
0
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.....

0
0
Silver 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".

0
0
This topic is closed for new posts.

Opinion

Lightning

Jack Clark

Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on