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Highly Leveraged Transaction |
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Highly leveraged transaction (HLT) Highly Leveraged Transaction A loan to a company or other institution that already has a high amount of debt. A highly leveraged transaction carries a great deal of risk and may increase the likelihood of bankruptcy. A highly leveraged transaction tends to command a large interest rate from the borrower. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Despite continued strong supply and demand fundamentals in most property sectors, the credit crunch of late 1998 - which put an abrupt end to many highly leveraged transactions and forced "name brand" lenders to reconsider their commitments to providing capital for certain transactions has forced a new financing paradigm on virtually all market participants. and First Capital, critics said that GAAP (Generally Accepted Accounting Principles) accounting fails to accurately state the declining values in a variety of invested assets -- including junk bonds, goodwill, bank debt, highly leveraged transaction loans, stock warrants, mortgage loans -- that form the reserves of life insurers against policy claims. Solency opinions are designed to help protect the security interest of senior creditors in a highly leveraged transaction and are typically a condition of lending. |
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