Formula One's in the Driver’s Seat on Interest Costs
Racing company asks lenders to lower rate on $1.33 billion loan.
By Christine Idzelis, Bloomberg|June 11, 2013 at 10:54 AM
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Formula One is relying on its auto-racing dominance in Europe and a welcoming loan market to slash borrowing costs even as its chief executive may be charged with bribery and private-equity owners pull cash from the business.
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