Birdwatch Note Rating
2023-01-26 21:43:53 UTC - HELPFUL
Rated by Participant: D9F17C431B3EBD65943A8B3D7862EC5F9AED4059209755E843943272B0FDD8C0
Participant Details
Original Note:
In a global enterprise, cash is often held in multiple currencies in the jurisdictions where it is earned. Tax costs, legal restrictions, and f/x movements can make it easier to borrow where cash is needed. Using debt markets despite large cash balances is not unusual. https://archive.nytimes.com/dealbook.nytimes.com/2013/04/30/apple-raises-17-billion-in-record-debt-sale/
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