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PE firms don’t issue debt for leveraged buyouts. The debt is issued by the target company, ie. Citrix. Citrix is responsible for servicing the debt, not the PE
by snake_doc 4y ago
PE firms don’t issue debt for leveraged buyouts. The debt is issued by the target company, ie. Citrix. Citrix is responsible for servicing the debt, not the PE firm.
- johnebgd 4y agoPart of the way M&A activity destroys companies. Not that anyone would miss Citrix except for their open source contributions, even if they are pared down.
- sidewndr46 4y agoIsn't this what ultimately took Toys R' Us down? The company actually had huge revenues, but after paying all it debtors could no longer actually make money.