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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

The debt stack

LBO debt comes in layers. The safer the layer, the cheaper it is and the faster it has to be repaid. Knowing the layers explains the interest bill and the paydown order.

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

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