LBO process question
When a financial sponsor is acquiring debt in order to pursue an LBO, does it have to create a SPV (special purpose vehicle) can it just receive a loan? Can anyone provide any insight on this?
Thanks in advance!
When a financial sponsor is acquiring debt in order to pursue an LBO, does it have to create a SPV (special purpose vehicle) can it just receive a loan? Can anyone provide any insight on this?
Thanks in advance!
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