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  "authorName": "Ben Axler",
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  "notes": "Uses a before-after comparison to highlight management's failure to meet leverage targets.",
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      "text": "Maxar is already pushing out its deleveraging process, as illustrated with subtle revisions to a key chart it used to sell investors on its ability to rapidly pay down debt.",
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      "text": "Ten Months Later And It's Worse...",
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      "text": "Selling The DigitalGlobe Deal To Investors",
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      "text": "leverage ratio: 4.1x",
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      "text": "Maxar is already pushing out its deleveraging process, as illustrated with subtle revisions to a key chart it used to sell investors on its ability to rapidly pay down debt. Recall from the previous slide the CEO said leverage would be 3.8x by year end, but is now above 4.1x as of Q2 (see slide 12).",
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