Leverage buyouts are evil. KKR bought out TXU and saddled it with $45 billion in debt. The financiers walked away with huge paydays. In less than ten years the company declared bankruptcy. Moody's called the company “a financially distressed company with an untenable capital structure.”
Comments
Leverage buyouts are evil. KKR bought out TXU and saddled it with $45 billion in debt. The financiers walked away with huge paydays. In less than ten years the company declared bankruptcy. Moody's called the company “a financially distressed company with an untenable capital structure.”