RJR Nabisco Unveils Restructuring Plan
From Reuters
NEW YORK — RJR Nabisco Inc., which went private last year in the biggest leveraged buyout ever, announced a $6.9-billion restructuring Monday to reduce its massive debt load.
The recapitalization is aimed at reducing RJR Nabisco’s most expensive debt, leaving the firm less vulnerable to the problems that have undermined other debt-burdened companies the past year.
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