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 11–15 of 15 · filtered from 100Clear filters
  1. 071A microfinance lender securitises a loan pool through pass-through certificates. Size the credit enhancement from expected loss, split it between cash collateral and over-collateral, and name the risks specific to this asset class.Structured finance and securitisationHardMoody'sNew York · 2024
  2. 074Modelling test: a half-filled debt schedule gives opening balances, rates, the sweep and cash flow, but the sweep, PIK accrual and closing balances are blank and one given line is wrong. Fill it in and find the error.Leveraged finance and LBO financingHardCarlyle GroupNew York · 2023
  3. 083An airline flies 180-seat aircraft at an 82% load factor and a cost per flight of Rs 9.6 lakh before aircraft financing. What fare breaks even, and can it service a Rs 800 crore aircraft loan if fares run 10% above that?Asset-backed, project and real-asset lendingHardBain CapitalBoston · 2024
  4. 091Paper LBO with a revolver, a cash sweep and a PIK note: build the debt schedule for a packaging company bought at 8x and work out the sponsor's return.Leveraged finance and LBO financingHardCarlyle GroupNew York · 2023
  5. 097Value a construction company and decide whether to lend to it: a Rs 9,000 crore order book and Rs 330 crore of EBITDA, but only Rs 420 crore of operating cash flow over five years against Rs 1,500 crore of cumulative EBITDA. It asks for a Rs 300 crore facility.Credit analysis and ratingsHardBain CapitalNew York · 2024

Company names and figures are illustrative.