LBO - Debt-Like Items
Hi guys, 2 quick questions-
1) I understand that most debt has change of control provisions that would require it to be refinanced in the event of a LBO. If a company has capital lease obligations though, do you just assume these rollover?
2) If you're setting up a take-private and a company has significant unfunded pension obligations, do you consider this a separate use or is target company responsible for paying it with proceeds (or "it depends")?