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 1–10 of 17 · filtered from 100Clear filters
  1. 005Brahvi Airports handles 12 million passengers, earning Rs 400 each in regulated charges and Rs 250 each from shops and parking, at a 45% EBITDA margin. It needs Rs 3,000 crore of capex. How much debt can it carry at 1.4x cover over 15 years at 9%, and what does a tariff reset do?Asset-backed, project and real-asset lendingCoreBain CapitalBoston · 2023
  2. 008Soralya Cosmetics wants a Rs 200 crore term loan. EBITDA is Rs 90 crore, 30% of it from one product line, 45% of sales come in the festive season, and online sales carry high returns. What should a lender think about on revenue, and how much would you lend?Debt capacity and loan structuringCoreBain CapitalBoston · 2023
  3. 009Karvanya Auto Loans securitises a Rs 1,000 crore pool into senior (85%), mezzanine (10%) and equity (5%) tranches, with excess spread of 2% a year. Cumulative losses reach 7%. Which tranches lose, how does excess spread change the answer, and what credit risks would you evaluate?Structured finance and securitisationCoreMoody'sNew York · 2024
  4. 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
  5. 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
  6. 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
  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. 040Velkora Warehousing Park has gross potential rent of Rs 48 crore, 8% vacancy and operating costs of 20% of effective income. Get to value at an 8% cap rate, then size a refinancing loan at 60% loan-to-value and 1.4x debt service cover. Which test binds?Structured finance and securitisationCoreInvescoNew York · 2025
  9. 042Compute the borrowing base for Samvera Distributors: receivables of Rs 400 crore and inventory of Rs 300 crore across raw material, work in progress and finished goods, against a Rs 350 crore asset-based line. What is available?Asset-backed, project and real-asset lendingCoreTruist SecuritiesAtlanta · 2023
  10. 055A metals company needs Rs 600 crore for a new plant and can issue bonds at 8.5% or shares at 20x earnings. Compare EPS in year 1 and year 3, leverage, and the rating effect, and choose.Capital structure decisionsCoreScotiabankLondon · 2026

Company names and figures are illustrative.