Feb. 19 at 8:09 PM
$GPC Interestingly I bet the banks is already cutting them a better rate for their industrial segment... which was the entire rationale for the split all along. After First Brands, banks have tightened lending standards around auto receivable borrowers, which impaired their otherwise thriving industrial business. By splitting the businesses, the industrial segment can borrow for more than 200bps cheaper now post announcement. Net net, this is a positive development.
