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 ?
"The LBO issued in this case conforms to the SC decision.
Fitch would not expect a revision or rollback to boost LBO volumes, and we find that LBO economics have been undermined primarily by high enterprise value multiples rather than by the guidance.
At LBO, even if the volume is very large, a converged solution is not obtained.
Regulators appear to have made an impact in this regard as the average leverage on LBO deals completed through September 2015 is down to 6.1x from 7.1x in 2007.
An LBO is the acquisition of a target company financed by debt that is secured by the assets of the target company and paid with the target's future cash flows.
Our results also indicate that these firms were undervalued at the time of the LBO. Overall, our findings contribute to the knowledge regarding how LBOs create value through various types of restructuring activities during the private period.
Southeastern characterised the LBO as an attempt to
It's not considering an LBO, a representative said.
Two economists at Oxford University in Great Britain looked at all the companies that went private through an LBO from 2003 to 2008.
Some independent LBO operators depend on a third-party-managed service provider to drive LBO display and EPoS systems.
Furthermore, negotiations will focus on the proposal made by MEPs to introduce a provision allowing customers to use the services of local operators when it comes to data (the so-called LBO) when they are in another member state.
and Tribune itself -- or whether to go with the plan written by Aurelius Capital Management LP, another hedge fund that represents holders of bonds that were issued before the 2007 LBO, which leaves the door open to sue a number of parties, including JPMorgan, over the structure of the ill-fated deal.