what is a leveraged buyback 
a leveraged buyback is a corporate finance transaction that enables a company to repurchase some of its shares using debt reducing the number of shares outstanding increases the remaining owners respective shares also known as a leveraged share repurchase a leveraged buyback has similar impacts as leveraged recapitalizations and dividend recapitalizations in which companies employ leverage to pay a one time dividend the difference is that dividend recapitalizations do not change the ownership structure 