I think what this article is saying is that there are so many companies that are run badly and whose costs have run out of control, that outside investors (PE c

I think what this article is saying is that there are so many companies that are run badly and whose costs have run out of control, that outside investors (PE companies in this case) see that they can run them much more efficiently (ie: much lower costs) and so it is worth their while to borrow the money to finance the purchase of these companies, even at high interest rates Not sure why I was downvoted so much for this comment. The parent poster asked to have the article explained. I did my best to explain the article. I didn’t say I thought that PE firms doing this was a good or bad idea. If you have a better explanation of the article then please comment yourself. I am here to learn from you too