And we'll dive into one of the UK's biggest leverage buyouts.

我们将深入探讨英国最大的杠杆收购之一。

It would be one of the largest leveraged buyouts on record, and it comes after initial hesitance by Twitter's board.

这将是有史以来最大的杠杆收购之一，而且是在推特董事会最初犹豫不决之后进行的。

Well, private credit comes out of the world of leveraged buyouts.

嗯，私人信贷来自杠杆收购的世界。

In finance – in business, there's an expression: " a leveraged buyout."

在金融界——在商业界， 有一个说法：“杠杆收购” 。

The deals are often called leveraged buyouts because the borrowed money, the debt, is used to leverage the smaller amount of cash the private equity firms put into the deal.

这些交易通常被称为杠杆收购，因为借来的钱，即债务，被用来杠杆私募公司投入交易的少量现金。

And now, all of a sudden, you've got these private equity players who are lending to other companies that are doing leveraged buyouts.

现在，突然之间，这些私募股权公司正在向其他进行杠杆收购的公司提供贷款。

And I'm from Mattel. Well, I'm not really from Mattel. I'm actually from a smaller company that was purchased in a leveraged buyout.

而我来自美泰儿，其实我并不是来自美泰儿。我是来自比较小的公司，结果被美泰儿收购了。

In a leveraged buyout, the assets – the money in the company is the collateral, if you will, for the loan that you are using to buy that company.

在杠杆收购中，资产——如果你愿意的话，公司的资金是你用来购买该公司的贷款的抵押品。

And then the other one is in the leveraged lending activities that a lot of these banks do, so helping provide financing for leveraged buyouts and things like that.

然后另一个是许多这些银行所做的杠杆借贷活动，所以帮助为杠杆收购和类似的事情提供融资。