Leveraged Buy Out. You use the value of the company you are acquiring to guarant... | Hacker News

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lclarkmichalek on Jan 22, 2019 | parent | context | favorite | on: $1.2T in risky corporate debt showing similar warn...

Leveraged Buy Out. You use the value of the company you are acquiring to guarantee junk bonds that you sell to raise the money to buy the company.

Barbarians at the Gate is a popular book that goes into the details while telling the story of a large LBO.

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