long-term loans in the amount of $130 million. Tranche A was a three-year floating note with a 3.25% spread on the London Interbank Offered Rate (LIBOR). Tranche B was a four-and-a-half year floating note with a 4.25% spread on the LIBOR. The second major source of debt was a $90 million subordinated short-term floating bridge loan with an ascending interest rate starting at a 6.25% spread on the LIBOR. Sources
Due to globalization, the economic borders between countries have vanished around the world since the 1990s and primarily in developed countries the capital accumulation has risen. Thus, the countries can no longer isolate themselves from the rest of the world. After the large scale globalization, all countries had an effect on each other in political, economic, financial, social, cultural, and many other fields. When regional combinations were getting increasingly common together with globalization