With everyone still digesting details from the equity portion of the IPO, the focus turns to the debt piece. The bankers delineate the choices.
Facebook can raise debt in the form of preferred stock, which isn't really debt. Technically it's equity, but it pays a fixed dividend, which is similar to a fixed coupon on a bond. However, it would have to come with conversion rights. That is, it could be converted into common stock at a given price over a given period of time, so it's viewed as...
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