Did you take this straight from a PE playbook?<p>Debt is what makes PE (and banks) money. That is why it exists.<p>You think Apax and TPG trashed Hellas because they were interested in making its management &quot;more effective&quot;? Is that why they redeemed 1 billion euros right after the purchase? To reward themselves for all the debt-management value they brought to the company and its employees?