Here is a short video description of what went down in 1988 when a huge deal was bought using a leveraged buyout. This was in the era of junk bonds, Drexel and Mike and they don’t exist much anymore but their spirit lives on.  Why would I bother with an old mega-deal decades old? To show that the deals that are done today use the same principals as they did back then. And to prove that even a huge leveraged buyout is similar in structure to a small LBO.