Comprehensive educational resources to master debt structuring and leveraged finance
Start your journey into debt markets with these foundational modules covering essential concepts, terminology, and career pathways in leveraged finance.
Understand the fundamentals of M&A transactions, capital structures, and how debt financing enables corporate acquisitions and growth.
Learn the core principles of debt financing, the capital structure waterfall, and how different debt instruments serve various corporate needs.
Master the essential terminology used by credit professionals, from EBITDA adjustments to covenant definitions and market conventions.
Explore career pathways in leveraged finance, private credit, direct lending, and credit investing with insights into day-to-day responsibilities.
Deep dives into specific debt instruments, structures, and risk management techniques used across the capital structure.
Analyze revolving credit facilities, their role in working capital management, commitment mechanics, and typical covenant structures.
Understand amortizing term loans, their position in the capital structure, pricing dynamics, and maintenance covenant packages.
Explore institutional term loans, bullet maturity structures, LIBOR/SOFR mechanics, and the covenant-lite landscape.
Study single-lender solutions combining senior and subordinated debt, popular in middle market transactions and private credit.
Examine subordinated secured debt, intercreditor agreements, recovery analysis, and the economics of junior secured lending.
Investigate high yield bond markets, unsecured debt structures, bond indentures, call protection, and make-whole provisions.
Learn about subordinated unsecured debt with equity kickers, PIK features, and hybrid securities bridging debt and equity.
Master collateral-based lending, borrowing base calculations, advance rates, field exams, and working capital optimization.
Deep dive into maintenance vs. incurrence covenants, financial ratio testing, covenant baskets, and negotiation strategies.
Understand events of default, acceleration rights, workout processes, distressed debt trading, and bankruptcy considerations.
Build stress-test models, analyze recovery scenarios, calculate loss-given-default, and evaluate credit risk across cycles.
Comprehensive analysis of major transaction types and market segments in leveraged finance and credit markets.
Complete LBO transaction analysis covering sponsor economics, leveraged finance structuring, private equity perspectives, and deal execution.
Explore investment grade and high yield bond markets, underwriting processes, syndication, credit ratings, and secondary trading.
Analyze the rapidly growing private credit market, direct lending strategies, middle market focus, and competitive positioning vs. banks.
Study commercial banking relationships, syndicated loan markets, underwriting standards, hold vs. distribute strategies, and regulatory considerations.