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 1–9 of 9 · filtered from 100Clear filters
  1. 002Live case: Ashvel Paper needs Rs 900 crore for a mill expansion. EBITDA is Rs 260 crore today and should reach Rs 400 crore in year 3. Propose the tranches, moratorium, repayment profile and covenants, with debt service cover of at least 1.3x in every year.Debt capacity and loan structuringHardScotiabankNew York · 2026
  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. 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. 028Hemantra Agro has sales of Rs 1,200 crore, inventory of 90 days, receivables of 45 days and payables of 30 days. What working capital does it carry, and how large a cash credit line would a bank allow at a 25% margin?Debt capacity and loan structuringWarm upCorporate bankingIndian debt capital markets
  6. 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
  7. 049Taranjot Solar's cash flow available for debt service rises from Rs 80 crore to Rs 110 crore over 15 years. Compare the debt it can raise with a level annuity repayment against a repayment sculpted to a constant 1.3x cover, at 9%.Debt capacity and loan structuringHardCorporate bankingIndian debt capital markets
  8. 061Direct lending model: project a unitranche loan to a hotel group for five years with 1% amortisation and a 50% excess cash sweep, then work out the lender's yield if it buys the loan at 98.Debt capacity and loan structuringCorePrivate creditLeveraged finance
  9. 084Size the maximum debt for a port under three limits: 5.0x leverage, 1.35x debt service cover over 12 years at 9%, and 60% loan to value. Which one binds?Debt capacity and loan structuringCoreCorporate bankingPrivate credit

Company names and figures are illustrative.