Big news in the business world! Two giant companies, Mars and Synopsys, are selling lots of bonds to pay for huge takeovers. This means they're borrowing a ton of money to buy other companies.
- Mars is buying Kellanova (which makes Pringles!), and needs $25-$30 billion.
- Synopsys is buying Ansys, and needs $10-$15 billion.
- Together, that's almost $40 billion in borrowed money!
| Company | Amount Borrowed (Billions) |
|---|---|
| Mars | $25-$30 |
| Synopsys | $10-$15 |
This is a big deal because it's one of the biggest bond sales ever! Bonds are like IOUs, promising to pay back the money borrowed plus interest. Because of this borrowing, Mars's credit rating even went down.
