[arawde]

Afaik the bonds are issued by the PE firms executing the deal, and it's taken many months to close. The debt has sat on bank books for a significant portion of time, so the yields are reflective of the price needed to unload them in the current market vs a market that was more conducive to the offering when the deal was initially agreed upon

[snake_doc]

PE firms don’t issue debt for leveraged buyouts. The debt is issued by the target company, ie. Citrix. Citrix is responsible for servicing the debt, not the PE firm.

[johnebgd]

Part of the way M&A activity destroys companies.

Not that anyone would miss Citrix except for their open source contributions, even if they are pared down.

[sidewndr46]

Isn't this what ultimately took Toys R' Us down? The company actually had huge revenues, but after paying all it debtors could no longer actually make money.

[svnt]

The WSJ reported on it:

https://archive.ph/LVoGa

[fny]

Buyouts don't need to be leveraged.