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 11–12 of 12 · filtered from 100Clear filters
  1. 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
  2. 100Two borrowers each have revenue of Rs 1,000 crore, EBITDA of Rs 150 crore and debt of Rs 450 crore. One has half its costs fixed, the other a tenth. Revenue falls 20%. What happens to each, and what does operating leverage mean for the lender versus the shareholder?Credit analysis and ratingsCoreOaktree Capital ManagementLos Angeles · 2024

Company names and figures are illustrative.