Business · 2
Which company was the target of the 1989 leveraged buyout so large that bankers had to invent new debt structures to finance it?
Answer
RJR Nabisco
RJR Nabisco was acquired in a $25 billion deal financed with roughly $20 billion in debt, the largest LBO of its era and a landmark in Wall Street finance.
💡 Did you know?
RJR Nabisco's 1989 leveraged buyout created $20 billion in debt—so massive that bankers had to invent new financial structures, permanently changing how Wall Street funds acquisitions.
Other options people guess
- Beatrice Companies
- Safeway Stores
- Federated Department Stores
Topics
- 1980s
- leveraged-buyout
- wall-street
- corporate-history
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