Sample Leveraged Finance Interview Questions Leveraged Finance by 150allin - November 19, 2021January 6, 20220 Here are some leveraged finance interview questions. Why are financial maintenance covenants important? If a company underperforms, allows creditors to apply pressure or take action before there is leakage to other stakeholders or before the situation gets too bad What are some factors to look at when lending money to a prospective borrower? What
Overview of the Leveraged Finance business Leveraged Finance by Bocconi Students PE Club - May 6, 2020May 6, 20200 First published on the BSPE blog By Konstantin Barakos Introduction What is Leveraged Finance? It’s actually fairly straightforward – the answer is right there in the name! Leveraged finance describes a corporate acquisition financed through leverage. End of story; roll credits. Ok, since I brought up the term credits, I should mention that Leveraged Finance participants
Leveraged Finance Debt Capital Markets in Asia China Debt Capital Markets Hong Kong Leveraged Finance by Karl - September 16, 2019September 16, 20190 Written by a bulge bracket investment banker in Asia Capital Markets in Asia Pacific Asia is the largest population center in the world and has the fastest growing economies. China and India need no introduction, but Southeast Asia (Vietnam, Indonesia, Malaysia, Thailand – and a little later Cambodia, Laos and Myanmar) also
CLOs at the Center of the New PE Industry Leveraged Finance Private Equity by Bocconi Students PE Club - March 18, 2019March 24, 20190 By Davide Martellozzo, Simone Bertani and Leonardo Astegiano Initially posted on the BSPEC blog Introduction to CLOs Collateralized Loan Obligations (henceforth, CLOs) have become increasingly popular in the post-crisis era because of some intrinsic features such as strong credit performance and appealing risk-return profile, making them an attractive asset class to the eye of
Incurrence Covenants for High Yield Bonds Featured Leveraged Finance Restructuring by Matt - February 17, 2019February 18, 20190 Senior Debt Covenants (Maintenance and Financial Covenants) and Protections A covenant is a vow - positive covenants or covenants of a positive nature (do not commit fraud, file your financial statements no later than 60 days after the end of a fiscal quarter) commit an obligor to do something. Negative covenants
Accessing Leveraged Capital Markets – Part II Debt Capital Markets Leveraged Finance Rating Agencies by Matt - December 17, 20180 Getting a Credit Rating for High Yield Bonds When debt issuers want to issue debt in a public offering1, they will need credit ratings from the three major credit rating agencies: Moody's, S&P and Fitch Ratings. Generally, investors like to see at least two, with Moody's being the gold standard when it
Accessing Leveraged Capital Markets – Part I Debt Capital Markets Leveraged Finance by Matt - December 11, 20180 Issuing High Yield Bonds For levered companies that do not fit the investment grade bucket, there are still robust capital markets options available for debt issuance through the leveraged finance divisions of global investment banks. As discussed in other leveraged finance posts, a large suite of buyers invest in high yield bonds
High Yield Bond Characteristics Fixed Income Leveraged Finance by Matt - November 20, 20180 High yield bonds are a major financing vehicle for many corporates. After introducing the high yield bond market in the previous post, we will discuss major characteristics of these bonds here. What matters to bondholders? Coupon, maturity, optionality, security, purpose, relative value - the other factors will all inform the ultimate
What Makes a Good Leveraged Buyout (LBO) Candidate? Leveraged Finance Private Equity by Matt - November 11, 2018November 11, 20180 There is a routine answer to this question - a company with large stable free cash flows and low levels of debt. This is usually followed by: How Does an LBO Create Value for Financial Sponsors? Debt paydown, EBITDA growth and multiple expansion. Debt paydown/repayment is easy to understand - if an LBO
What is a Leveraged Buyout? Introduction to LBOs Leveraged Finance Private Equity by Matt - November 4, 2018January 13, 20210 When someone brings up an LBO, people immediately associate this with investment banking and private equity. LBOs are associated with very advanced financial modelling and students sometimes get scared when the concept comes up. In reality, while investment bankers do run LBO models on a very regular basis, it is one of