LBO

Leveraged Buy Out

often a form of Management Buy Out/MBO, other times a (hostile) take-over

to take a Publicly Held corporation private (to Privately Held), by borrowing lots of money from the debt markets (Debt Financing) (that's the "leveraged" part)

the source of the Junk Bond model

Michael Jensen https://hbr.org/1989/09/eclipse-of-the-public-corporation


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