highly confident letter
1Highly confident letter — The Highly Confident Letter was a financing tool created by investment bankers at Drexel Burnham Lambert, dominated by Michael Milken, in the 1980s. Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the …
2highly confident letter — An investment banking ( investment bank) firm s letter indicating that the firm is highly confident it will be able to arrange financing for a securities deal. Bloomberg Financial Dictionary …
3confidence letter — Statement by an investment bank that it is highly confident that the financing for its client/acquirer s takeover can and will be obtained. Often used in risk arbitrage. Bloomberg Financial Dictionary …
4Drexel Burnham Lambert — Former type Private Industry Financial Services Fate Forced into bankruptcy …
5Michael Milken — Born Michael Robert Milken July 4, 1946 (1946 07 04) (age 65) Encino, California, U.S. Conviction(s) …
6MILKEN, MICHAEL R. — MILKEN, MICHAEL R. (1946– ), U.S. investor, philanthropist. Nicknamed the junk bond king, Milken, by using a little noticed financial tool, transformed corporate takeovers and financing in the 1970s and 1980s, amassing great personal wealth –… …
7Horatio Nelson, 1st Viscount Nelson — Horatio Nelson and Lord Nelson redirect here. For other uses, see Horatio Nelson (disambiguation) and Lord Nelson (disambiguation). Vice Admiral The Right Honourable The Viscount Nelson KB …
8Friends in Low Places (novel) — Friends In Low Places is Volume II of the novel sequence Alms for Oblivion by Simon Raven, published in 1965. It was the second novel to be published in The Alms for Oblivion sequence and is the third novel chronologically. The story takes place… …
9literature — /lit euhr euh cheuhr, choor , li treuh /, n. 1. writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays. 2.… …
10United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …
