Erik L. Suppiger's questions to Ubiquiti (UI) leadership • Q2 2018
Question
Erik L. Suppiger asked for the rationale behind refinancing the company's debt agreement to increase access to capital, particularly when the option to repatriate offshore cash was also available.
Answer
Robert J. Pera, Founder, CEO and Chairman, explained that the financing process began when the ability to repatriate cash was not yet certain. He added that having cash readily available is beneficial for capitalizing on opportunities, especially in a market he believes is currently in a bubble.