3 ms·
Assuming that 20% of that was to the holders of the $1.32B debt This is a very poor assumption. The PE firms bought equity in TRU, they are not paid back in th
by harryh 9y ago
Assuming that 20% of that was to the holders of the $1.32B debt
This is a very poor assumption. The PE firms bought equity in TRU, they are not paid back in the same way and on the same schedule as holders of debt.
- bhouston 9y agoYou are correct, the relevant passage is here: > The trio put up $6.6 billion to pay off Toys 'R' Us' shareholders. But it was a leveraged buyout: Only 20 percent came out out of the buyers' pockets. The other 80 percent was borrowed. I misjudged, I thought all of it was borrowed, just 20% was from the LBO firm.