Controlling Financial Distress Costs in Leveraged Buyouts with Financial Innovations
探讨杠杆收购中通过专业发起人、条带融资、超额现金流偿债条款及利息递延条款等融资方式降低财务困境风险与成本的做法。
Leveraged buyouts have often been funded in ways which appear to reduce the risk and cost of financial distress. Leveraged buyout financing methods include the use of specialist sponsors, strip financing, covenants which require that excess cash flows be paid to debtholders, and debt provisions which allow deferral of interest payments in periods of financial distress.