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Learn/LBOs
LearnLBOs

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B Basic

  • What an LBO is and why leverage helps7m
  • Sources and usesPro8m
  • Returns: MOIC and IRRPro9m

A Advanced

  • The debt stackPro9m
  • Cash flow and debt paydownPro11m
  • What drives returnsPro9m
  • Dividend recaps and the timing of cashPro8m
  • FlashcardsPro0/26
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

Cash flow and debt paydown

Each year the company makes cash, pays interest and taxes, reinvests, and uses whatever is left to repay debt. Less debt means less interest next year, so paydown speeds up.

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All 7 lessons in LBOs, with checks as you read, two quizzes, and flashcards.

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