highly leveraged transaction


HLT. A loan provided from a financial institution to a company that already has a large amount of debt. The large amount of pre-existing debt means that the company is already leveraged, so additional debt can increase the risk of bankruptcy if the company is unable to make interest payments.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
additional bonds test Leveraged Buyout