Cash flow lenders view the borrower's future cash flow generation capability as the primary means of recovering a loan, while largely ignoring the assets of the LBO target.
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Q51: Divisions of larger companies are generally poor
Q52: Under-performing operating units of large companies are
Q53: Common exit strategies for LBOs include sale
Q54: An affirmative covenant is a portion of
Q55: LBOs can be of an entire company
Q57: Asset based lenders will usually lend up
Q58: The loan agreement stipulates the terms and
Q59: The risk associated with overpaying is magnified
Q60: Junk bonds are always high risk.
Q61: Secured debt often is referred to as
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