Having worked at a company that became saddled with huge debt, I am leaning to look at this the other way. The bank(s), in cooperation with the buyers, found a

Having worked at a company that became saddled with huge debt, I am leaning to look at this the other way. The bank(s), in cooperation with the buyers, found a target to extract money from. The goal for them may not be long term health of the company but to suck as much out of it as they can without immediately killing it until eventually there's nothing left.