>" I imagine Spotify can get decent debt financing terms b/c they have such a steady and predictable source of revenue (though not necessarily profit)."
Again if this true, why would they raise a billion dollars in convertible debt?
Because debt is often a better instrument?
>" I imagine Spotify can get decent debt financing terms b/c they have such a steady and predictable source of revenue (though not necessarily profit)."
Again if this true, why would they raise a billion dollars in convertible debt?