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 1–8 of 8 · filtered from 100Clear filters
  1. 010A Rs 2,000 crore term loan B for Pravinta Cables launches at benchmark plus 400 at 99.5. Commitments reach Rs 1,700 crore, and another Rs 900 crore appears at plus 425 at 99.0. The flex allows 50 basis points. Do you flex, and what is left on the bank's books either way?Leveraged finance and LBO financingHardScotiabankNew York · 2026
  2. 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
  3. 043A sponsor is buying Tarvik Education at 9x EBITDA of Rs 150 crore with 5x debt, and the cost of debt rises from 9% to 11% before signing. How does that move the sponsor's IRR, and how much less must it pay to keep a 20% IRR?Leveraged finance and LBO financingHardHoulihan LokeyLos Angeles · 2025
  4. 057A sponsor financing a buyout can use a floating term loan B or a fixed high yield bond with three years of call protection. Compare cost when rates rise and fall, and the cost of exiting in year 2.Leveraged finance and LBO financingCoreLazardAmsterdam · 2025
  5. 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
  6. 080A company at 25x earnings issues bonds at 8% to buy back its own shares. What happens to EPS, and what happens to leverage and the rating as bondholders see it?Leveraged finance and LBO financingCoreDeutsche BankSan Francisco · 2025
  7. 086Can debt ever be more expensive than equity? A distressed company is offered a rescue loan at 16% plus a 3% fee plus warrants for 10% of the equity, or a rights issue at a 30% discount. Which money costs more?Leveraged finance and LBO financingCoreTD SecuritiesNew York · 2025
  8. 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

Company names and figures are illustrative.