翻译下LBO，谢谢各位- -急用

来源：百度知道 编辑：UC知道 时间：2024/06/07 22:32:35
LBO and MBO
–LBO---Leveraged buyout
»An acquisition financed with a significant amount of debt in which the purchaser relies on the assets or cash flow of the acquired business to service the debt.
–The purchaser often includes the existing management. This might be called an MBO.---a management buyout
–There are 3 stages in LBO ( or MBO)
»1. The investor group raises the cash
uThis group consists of the company’s top managers and buyout specialists
uThey put up about 10% of the bid price in cash
uThen, they borrow 50% --- 70% against the company’s assets in secured bank loans. (mortgage)
u20% --- 40% is raised by selling junk bonds
–junk bonds:are unsecured bonds,whose payment of interest and repayment of principal are potentially in doubt. As a result, interest rates are high
u2. The group buys the company and reshapes it
–The group tries to acquire all the outstanding shares
–It begins selling off parts

LBO and MBO
杠杆收购和管理层收购
–LBO---Leveraged buyout
LBO--杠杆收购
»An acquisition financed with a significant amount of debt in which the purchaser relies on the assets or cash flow of the acquired business to service the debt.
收购的资金供给一笔巨大的债务，这债务是由购买者以资产或现金流转的营业额来偿还的。

–The purchaser often includes the existing management. This might be called an MBO.---a management buyout
-购买者通常包括现有的管理人员。这种收购被成为MBO--管理层收购。
–There are 3 stages in LBO ( or MBO)
-杠杆收购（或管理层收购）分三个步骤
»1. The investor group raises the cash
】1.投资着们集资。
uThis group consists of the company’s top managers and buyout specialists
U投资者包括公司的高层管理人员和收购专家。
uThey put up about 10% of the bid price in cash
U他们提供标价的10%左右的现金。
uThen, they borrow 50% --- 70% against the company’s assets in secured bank loans. (mortgage)
U然后，他们以公司的资产为抵押向银行贷50%-70%。（抵押贷款）
u20% --- 40% is raised by selling junk bonds
U20%-40%的资金由出卖后保债券获得。
–jun