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Highly leveraged for almost any purpose.
Two conglomerates, JG Summit and Benpres, offer size and diversified operations but are too highly leveraged for most tastes.
For 2001, Cox Communications -- the cable business -- had cash flow of $1.6 billion, and analysts say its debt-to-cash-flow ratio is about 4. That's not highly leveraged for a cable company; still, a large acquisition would likely saddle Cox with enough debt to reduce its debt rating from triple-B, the lowest investment grade.
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The system is vast: hundreds of small liberal-arts colleges; a new and highly leveraged for-profit sector that offers degrees online; community colleges; state universities whose budgets are being cut because of the recession; and the big-name private universities, which get the most attention.
What once felt like a useless exercise has become a highly leveraged tool for me and for our company.
Because investment banks' trades and investments are typically very highly leveraged — Bear Stearns, for instance, had borrowed thirty dollars for every dollar of its own — the banks need to be exceptionally good at managing risk, and they need to insure that people trust them enough to lend them huge sums of money against very little collateral.
"This is a pretty highly leveraged month for me," Fisher said.
Most of the income will go to banks advising bidders on the debt that will fund the highly leveraged competition for the computer maker, according to a report by the Wall Street Journal.
Terra Firma, the private equity house led by Guy Hands, which bought EMI in a highly leveraged deal for £4bn on the eve of the credit crunch, needs to secure the support of 75% of its fund's 200 investors by Friday.
Investment banks soaked up $5.2 billion in revenues from private equity clients through the end of June, half of that from arranging leveraged and highly leveraged loans for deal financings, according to Dealogic.
Money has been lavished by highly leveraged companies, for example, on foreign soccer teams and real estate properties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com