3 ms·
$3M of that daily loss is just in paying interest on the $13B of debt he loaded up the company with to pay off the old shareholders
by stefan_ 4y ago
$3M of that daily loss is just in paying interest on the $13B of debt he loaded up the company with to pay off the old shareholders
- rob74 4y agoAh, the good (?) old hedge fund "you pay us for buying you" technique (I'm sure there's a fancier name for it, IANAInvestor).
- manfre 4y agoLeveraged buyout
- implements 4y ago“Leveraged Buyout”. Why other investors allow the buyer to assign the debt to the company being bought rather than the buyer alludes me, as I’d assume this weakens the collateral securing the debt.