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. …

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  1. Anonymous Coward
    Anonymous Coward

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

  2. Blubster
    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.....

  3. John Tserkezis

    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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