Publications
Publications
- November 1989 (Revised March 2000)
- HBS Case Collection
Wisconsin Central Ltd. Railroad and Berkshire Partners (A): Leveraged Buyouts and Financial Distress
By: Michael C. Jensen, Willy Burkhardt and Brian Barry
Abstract
Wisconsin Central Ltd. is a regional railroad formed in a leveraged buyout, which is currently in default on its loan covenants. The case uses this situation to examine the financial structure of a typical LBO association and its internal control mechanisms and distinct role of the board of directors.
Keywords
Financial Management; Governing And Advisory Boards; Leveraged Buyouts; Financial Condition; Financing And Loans; Corporate Finance; Rail Industry
Citation
Jensen, Michael C., Willy Burkhardt, and Brian Barry. "Wisconsin Central Ltd. Railroad and Berkshire Partners (A): Leveraged Buyouts and Financial Distress." Harvard Business School Case 190-062, November 1989. (Revised March 2000.)
