“The deal was led by Advent International and Palmyra. The purchase price was $14 billion… 64% of the purchase price was funded with debt.”

The Real Eisman Playbook · Why Private Equity's Software Bet Is Going to Zero | The Weekly Wrap

Play from 11:02
11:02

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

acquire McAfee for $14 billion using $8.96 billion of junk bonds and levered loans (64% debt)

$14 billion purchase; $8.96 billion debt (64%)

Said nearby on the same subject

“Thomas Bravo led the deal. The purchase price was $12.3 billion… financed with $4.6 billion in the syndicated first lien loan… 37% of the purchase price was funded with debt.”
♫
Said on The Real Eisman Playbook
Why it worked $12.3 billion purchase; $4.6 billion debt (37%) Share this moment
“The $2 billion ... reduced $63 billion of debt to $27 billion ... something like a 3300% return”
♫
Said on Slate Money
Hard number $2 billion Share this moment
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
♫
Said on Straight Talk with Mark Bouris
Why it worked $150 billion; reduces debt by ~12%; saves $8 billion annual interest Share this moment
“Thomas Bravo led the buy-up. The purchase price was $10.4 billion… debt level is relatively low at $2.5 billion… 24% of the deal was funded with debt.”
♫
Said on The Real Eisman Playbook
Why it worked $10.4 billion purchase; $2.5 billion debt (24%) Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.