Debt Restructurings For All But a Few Mega-Deals
With today's news of Blackstone's plans to swap debt for equity in portfolio company Hilton Hotels, I imagined just about all of the top ten largest LBOs have now undergone some sort of debt-fixing deal. To be sure, I checked in on each of them and a few other well-known mega-deals, excluding those already exited like TPG's Alltel and of course, KKR's RJR Nabisco. As it turns out, all but a few have done something to ease their debt situation. From my research, First Data. Kinder Morgan, and Equity Office Properties have not publicly undergone any major debt restructurings. Here's a look at those who have:




