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  "documentTitle": "Pershing Square | Investor Presentation Deck | 57 slides",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2021-02-01 00:00:00",
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  "notes": "The slide details the impact of 2020 bond issuances on the overall capital structure and debt maturity profile.",
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      "kind": "callout",
      "text": "In 2020, PSH completed two new bond issuances, raising a total of $700 million in additional capital at highly attractive interest rates",
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      "text": "Note: Total Assets and the ratio of Total Debt to Total Assets are calculated in accordance with the PSH Bonds' Indentures. Total Assets is defined as Net Asset Value plus Total Debt and is net of accrued performance fee.",
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      "text": "PSH's long-term debt management strategy is focused on managing leverage over time by increasing NAV through strong performance and laddering its maturities through new issuances",
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      "text": "2020 Corporate Actions: New Bond Issuances",
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