文档介绍：TheCaseofRJRNabiscoHoldingCapitalCorporation*返回目录Reference: ,-YieldDebt:,83(Dec.)*返回目录PartOne:Background*,,,thefirmwasrenamedRJRNabisco.*:TheManagementGroupKohlberg,Kravis,Roberts&Co.(KKR),afirmspecializinginleveragedbuyouts*返回目录Background3Attheendofabiddingwar,KKRprevailedbyofferingshareholders$81pershareincashplusapackageofbondsvaluedat$,itsstockhadtradedat$,monshareholdersa41%premiumoverthefirm’spre-,KKRincreasedRJR’sdebtfrom$5billionto$29billion.*,issuedeitherinconjunctionwiththeacquisitionor,inthecaseofRJRNabisco,Inc,pany,carriedoverfromthetaken-overfirm.*返回目录PartTwo: DescriptionofSecurities*返回目录IssuanceInMay1989,RJRholdingsCapitalCorporationissuedthreenearlyidenticaldebtsecuritiesinconnectionwiththeleveragedbuyoutofRJRNabiscobyKKR$-percentpayment-in-kindsubordinateddebenturesdue2001(pay-in-kindbond)$(deferred-couponbond)$-percentsubordinateddebenturesdue2001(cash-payingbond)*返回目录*返回目录