The justification was that the superior financing of the KKR bid would require less gutting of the company to pay off debts
<h3>What is
debts?</h3>
Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.
Student loans, mortgages, and business loans are examples of "good" debt, which is defined as money owed for things that can help build wealth or increase income over time. "Bad" debt is defined as credit card or other consumer debt that does little to improve your financial situation. These are exaggerations.
In accounting, debt is classified as a liability. Debt can refer to a variety of different numbers on the balance sheet, ranging from wages payable to tax payable.
To know more about debts follow the link:
brainly.com/question/1957305
#SPJ4
