The CFO of a satellite radio company was trying to work his magic today as he solicited another telecommunications/entertainment company to invest in his company in order to prevent bankruptcy. Having refinanced the company less than a year ago, the satellite radio finance manager had a $75 million note coming due today. The current financing arrangement represents:
A. short-term debt financing
B. a long-term sale of stock to privat
C. a leveraged buy-out.
D. the issuance of long-term bonds.
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