What’s going on here?

Swedish debt collector Intrum sealed a strategic deal with investment firm Cerberus Capital Management to invest up to 1 billion euros annually without accruing extra debt.

What does this mean?

Intrum, Europe’s largest manager of bad loans, is partnering with Cerberus in a move that will enable the company to scale its investments while keeping its debt levels in check. Under the agreement, Cerberus will cover 70% of the joint investments, with Intrum contributing 30%….