Start from 1980

Chapter 294 30 Million Debt
"That may be a little difficult." Miranda shrugged: "Don't have too much hope."

After understanding the situation clearly, Su Chen didn't feel so much pressure.

It's nothing more than [-] million, repayable in ten years, what are you afraid of?
And Miranda told Davis before that she was going to raise money, but she just knew that Wells Fargo could borrow a small amount of money. She originally planned to ask Su Chen to find Brian and Lisa to invest, so as to reduce the pressure.

Although it is hard to say whether it can borrow a large amount of money, at least a small part of the shares can be acquired.

But now that Wells Fargo has this business, there is no need to go to Brian and Lisa at all.

To be on the safe side, Avril Lavigne specially called Clara to come from Boston. For such a big matter, she must have her own lawyer present.

There is a reason why lawyers in Europe and the United States are expensive.

Clara did not reduce the fee because Su Chen is Avril Lavigne's boyfriend.

But it is also expensive for a reason.

Because when negotiating with Wells Fargo Bank the next morning, even though it was only a four or five page loan contract, Clara spent more than three hours reading it.

He looked at Su Chen: "Dude, I have read this agreement carefully, and there are a few main things that need to be explained to you."

"Mr. Clara, please speak." Su Chen nodded.

Clara took off the glasses on the bridge of her nose, and said to Su Chen one by one:
"This agreement states that if you don't use the loan according to the purpose stipulated in the contract, Wells Fargo Bank has the right to take back part or all of the loan, and for the part used in breach of the contract, a penalty interest will be charged according to the interest rate stipulated by the bank.

If you use the loan to cause loss and waste or use the loan contract to engage in illegal activities, Wells Fargo has the right to recover the principal and interest of the loan and impose a penalty interest according to the interest rate stipulated by the bank. "

"Secondly, Wells Fargo mentioned in the agreement that the loan will be repaid in ten years. If there is no way to repay the interest in the first five years, they have the right to take back half of the acquired property."

"If you can't repay the principal in the second five years, Wells Fargo will take back half of the remaining property, and will re-evaluate the value of the current property at the same time."

"According to the results of the evaluation, you will be charged with debt collection, and they also require you to submit the company's financial statements to the risk department every quarter.

It is convenient to know whether to withdraw the loan in advance at any time. If the loss is too large, they will withdraw the loan in advance, and the report cannot be falsified. "

"The third question is that although Wells Fargo is a loan business with interest first, if you can repay the debt early, you can also repay the debt early, but you cannot repay the loan overdue."

Of course, apart from these few items, Clara explained each item to Su Chen from the perspective of his professional lawyer.

After listening, Su Chen immediately felt that the lawyer's fee was well spent.

Strictly speaking, there are no traps in this loan agreement, and it can be regarded as an unsecured loan, which is why the loan must be used in accordance with the contract.

Wells Fargo's calculations are very good. It may not be able to generate income in a short period of time by acquiring these properties by itself, so it finds someone to bear their risks and pays interest every month.

After all, the interest of 30 billion is not low.

No one who can open a bank is a fool.

After serious research, Su Chen went to find Hugh Eaton.

"How are you thinking, man? Do you want to use this loan?"

Hugh Eaton asked with a smile:

"I think this loan is obviously not a big pressure on you. As long as you operate well, you can repay it soon, and you have also invited Mr. Clara, a well-known barrister in Boston, so you don't have to worry about what we will do in the contract. hands and feet."

Su Chen nodded: "Mr. Eaton, if you can make the loan today, I will loan the money, because Mr. Davis has already made an appointment with Mr. Rich, and there may be results soon. Regarding the acquisition of 20th Century Fox, I do have ideas."

"Then you should hurry up. I heard that Murdoch is already in contact with Davis." Hugh Eaton said, "If you get the loan now, you can stop him."

Since there is no problem with the contract, Su Chen is ready to sign the loan with Wells Fargo Bank.

30 billion US dollars.

This debt may be regarded as sky-high for other people, but for Su Chen, it is not a problem at all.

Because he doesn't expect 20th World Fox to make money right now, he just wants to win the American market first.

Of course, it's not as simple as just signing a name. Wells Fargo also needs to verify the authenticity of Su Chen's passport and other documents, as well as various investigations.

If there is a problem with your identity, you will also not be able to get a loan.

However, since Hugh Eaton was able to discuss the loan business with Su Chen, it meant that they had professional review channels.

In the afternoon, Hugh Eaton notified Su Chen to sign the document.

After signing his name, Su Chen became a person with a huge debt of 30 billion US dollars, of course, this does not include interest.

And Wells Fargo had to worry about what might happen to him.

Hugh Eaton stretched out his hand: "Congratulations buddy, you are now our honored guest of Wells Fargo Bank."

"While I like the idea, I still feel like I'm going to lose sleep."

Su Chen shook hands with him: "At first, I thought that Mr. Eaton would treat me less interested for the sake of me being Miranda's boyfriend."

"Su, you have to know that this friendship is friendship, and business is business. Besides, our friendship can't affect the rules of Wells Fargo Bank, can it?"

Hugh Eaton said: "You can get the money tomorrow morning. In addition, I can help you meet Davis and Rich. There is no charge for this. When do you want to make an appointment with them?"

"Thank you Mr. Eaton for your help. I would like to make an appointment with them in the afternoon. At the same time, I hope you can help me provide a contract to acquire 20th Century Fox and several TV stations."

Su Chen glanced at Clara, and then said: "I will ask Mr. Clara to help me with the affairs here in the past few days."

Clara picked up the coffee and said with a smile: "Man, as long as you give me the money, I'm starting to fall in love with you, a Chinese guy, and I don't have any bargaining over my lawyer's fees. Don't worry, I will help you out."

"Then what are your requirements?" Hugh Eaton asked.

Su Chen only has a few requirements for the acquisition plan. The first point is to use Jinbaobasin as the controlling shareholder. The second point is to acquire all of 20th Century Fox. The third point is that he wants to acquire New York, Los Angeles, Chicago, Houston, Dallas and Six local television stations in Washington.

Because this is within the scope allowed by Wells Fargo Bank, Hugh Eaton naturally wants to help him meet with the heads of these TV stations.

At the same time, Wells Fargo also provided a team to Su Chen to avoid other uses of the loan.

Of course, since it is already afternoon, these few things can't be done today, and they need to wait until tomorrow or the day after tomorrow.

Because Avril was going back to class, she flew back to Boston at night, leaving only Su Chen and Miranda to deal with these matters.

Although he owed three billion, Su Chen still didn't feel any pressure.

It was a pleasure to attend Hugh Eaton's invitation to have dinner with Hugh Eaton with Miranda and Clara.

"Su." Hugh Eaton said, "I have a question."

(End of this chapter)