leveraged buyout

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leveraged buyout,

the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. The acquiring company or group then repays the loans from the target company's profits or by selling its assets. Many leveraged buyouts have been financed through junk bondsjunk bond,
a bond that involves greater than usual risk as an investment and pays a relatively high rate of interest, typically issued by a company lacking an established earnings history or having a questionable credit history.
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References in periodicals archive ?
In his blueprint for restoring financial stability to football Lord Sugar has recommended a ban on leveraged buy-outs.
We believe that the underlying facts support a prima facie cause-of-action tied to the leveraged buy-out," says McCormick.
For retailers in coming years, more conservative times should reduce the number of poorly-financed transactions or leveraged buy-outs.
The negativity hammered into fans after years of reading about leveraged buy-outs and despatches from a civil war, has travelled to the pitch.
He has broad experience in advising lenders, investors and borrowers on matters including syndicated debt, leveraged buy-outs, real estate finance, asset finance and development/acquisition finance.
It had developed a particular expertise in the realm of private equity-backed, leveraged buy-outs and it suffered when these deals came off the rails.
This arises because PEFs finance buy-outs by raising capital from pension and insurance funds (around 80% of PEF business is leveraged buy-outs - LBOs).
Venture capital interest, leveraged buy-outs, reconsolidation of debt, Graeme Souness and his big gay 'tache.
In one of the biggest-ever leveraged buy-outs, Kinder Morgan, an energy distributor and pipeline operator based in Houston, accepted a sweetened $15 billion offer from a consortium of private-equity groups and investors led by its chief executive and co-founder, Richard Kinder.
These type of venture capitalists specialize in leveraged buy-outs and are now prominent in driving acquisitions and mergers throughout western European.
Weiner has considerable expertise in coordinating the real estate aspects of multi-property, multi-jurisdictional projects, including leveraged buy-outs and other corporate acquisitions.
In recent years, PAI Partners has led several of the largest European leveraged buy-outs of sector-leading companies.