Take and Give

Tempted by lenders offering piles of cash at cheap rates, L.A. businesses are borrowing money and using it to pay big dividends to their owners. And they’re doing so at record levels.

Once they find out, business owners see dividend recaps as an attractive option, said Andrew Apfelberg, a partner at Century City law firm Greenberg Glusker who represents companies in sale and capital raising transactions.

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