The loan agreement lists the terms under which a loan is given. The bank is the lender, and any borrowing entity--individual, partnership, company--is the borrower. The loan agreement covers many of the same terms and conditions as a promissory note, although it is longer and more complicated.
The subsidiaries remain private. They are private subsidiaries of a public company. Think about it: if a subsidiary went public, that would mean that its shares were being offered to the public, instead of all being owned by the parent company, and so it would no longer be a subsidiary.
Although we like our cars, we may not know who the actual owners of the businesses are. Knowing helps you learn how âhealthyâ the parent company is. Some companies such as the Volkswagen Group have several other car companies under them. Mustafa Ziraba looks at the major companiesâ earnings and history.