Last Updated：2022/12/24
Seereeram and other critics say it was a sort of bait and switch. Citibank met with Trintomar three times in the spring of 1992 to pitch its original $66 million refinancing proposal, and in a letter dated Sept. 9, Trintomar asked for a formal proposal. The next day, Citibank sent a letter outlining the extra $96.5 million loan in several pages of eye-glazing detail.
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Seereeram
and
other
critics
say
it
was
a
sort
of
bait
and
switch.
Citibank
met
with
Trintomar
three
times
in
the
spring
of
1992
to
pitch
its
original
$66
million
refinancing
proposal,
and
in
a
letter
dated
Sept.
9,
Trintomar
asked
for
a
formal
proposal.
The
next
day,
Citibank
sent
a
letter
outlining
the
extra
$96.5
million
loan
in
several
pages
of
eye-glazing
detail.
