Debt Capital Markets case studies, worked step by step

Cases
100
Traced to a firm
34
Topics
12
Hard
30
Topic
All topicsPrivate credit and direct lending8Debt capacity and loan structuring9Bond issuance and execution9Credit analysis and ratings12Asset-backed, project and real-asset lending8Structured finance and securitisation9Leveraged finance and LBO financing11Capital structure decisions6Rates and hedging8Liability management and refinancing8Indian debt market execution5Restructuring and recoveries7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 50 · filtered from 100Clear filters
  1. 018Kiravan Healthcare needs Rs 1,200 crore. A syndicated loan prices at 350 basis points with a 1% discount, up to 50 basis points of flex and six weeks to close; a private credit unitranche prices at 575 with a 2% fee and certain terms. What is the cost gap, and what is the certainty worth?Leveraged finance and LBO financingCoreMizuhoNew York · 2026
  2. 019Aurvika Telecom faces Rs 800 crore, Rs 1,500 crore and Rs 400 crore of maturities over the next three years, with Rs 300 crore of cash and Rs 250 crore of free cash flow a year. Lay out the refinancing plan and say which maturity to address first.Liability management and refinancingCoreCorporate bankingSyndicate desks
  3. 024Sponsor-owned Palveda Auto Parts has a Rs 450 crore unitranche at 5.0x EBITDA of Rs 90 crore. It wants to buy a rival with EBITDA of Rs 20 crore at 8x, funded by Rs 160 crore of extra debt. Compute pro forma leverage with and without Rs 5 crore of synergies, and set your terms for the add-on.Debt capacity and loan structuringCorePrivate creditLeveraged finance
  4. 027What leverage would you offer Nirvaka Diagnostics, a lab chain with EBITDA of Rs 240 crore, 90% cash conversion, low capex and 15% growth?Debt capacity and loan structuringCoreGolub CapitalChicago · 2015
  5. 029Olvara Textiles asks for a Rs 150 crore five-year term loan on EBITDA of Rs 110 crore and existing debt of Rs 260 crore. Is it creditworthy for this loan?Credit analysis and ratingsCoreScotiabankToronto · 2026
  6. 030Kirtiman Infra can fund Rs 500 crore of capex with senior bonds at 8.6% or a perpetual hybrid at 10.5% that the rating agency gives 50% equity credit. Which keeps its rating, and at what cost?Capital structure decisionsCoreCorporate bankingRating agencies
  7. 032Pitch a 10-year rates trade to a fixed income fund: the 10-year government bond yields 7.10%, the 2s10s curve is 40 basis points, and you expect the central bank to ease. Size a DV01-neutral steepener and set the stop.Rates and hedgingCoreBank of AmericaLondon · 2025
  8. 034Ekanta Capital Fund I asks for a subscription line. Commitments are Rs 2,000 crore, Rs 1,200 crore uncalled, 70% of it from eligible investors, at a 50% advance rate. How large can the facility be, and what is the lender really exposed to?Private credit and direct lendingCorePrivate creditCorporate banking
  9. 036Leveraged finance case: size and price the debt for a sponsor buyout of Zorvani Chemicals, EBITDA Rs 250 crore, where comparable deals ran at 4.5x to 5.0x. Propose senior and second lien tranches and check interest cover.Leveraged finance and LBO financingCoreLeveraged financeSyndicate desks
  10. 038Corvanta Telecom's group needs Rs 500 crore. Should a lender lend at the holding company or with a guarantee from the operating company, which already has Rs 1,200 crore of debt? Test it in a downside where group value falls to Rs 1,400 crore.Debt capacity and loan structuringCoreCorporate bankingCredit research

Company names and figures are illustrative.