3 ms·
You 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 perc
by bhouston 9y ago
You 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.