and understanding of the framework of abilities and economic possibilities at any given moment.”
To us, within this negotiation, these words meant two very important things. One was that we would secure only what we needed for this situation, and not more, even though more money was available and we were offered more at one point. We wanted to be responsible and knew how to keep within our limits.
The second important element to us was to set up a flexible mechanism for repayment and get agreement right from the start that everyone agreed to this flexibility, even though it was a rather new and complex arrangement. We wanted to be able to de-leverage this loan over time in a flexible way, a way that we knew made the most sense for our company, given all the economic realities we were facing, and our own abilities.
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