Question by Azby: What does “Tata was forced to refinance to support its investment” mean?
I’m not sure what the term “refinance” means. Investapedia states that’s it’s where you fund an existing debt using a new debt (borrowing to pay the interest payments for another loan). Is that correct in this context? The article talks about Tata’s takeover of Jaguar Land Rover.
Answer by Jo W
Yes – that’s just what they did.
What do you think? Answer below!