Investment Banking case studies, worked step by step

Cases
100
Traced to a firm
55
Topics
12
Hard
30
Topic
All topicsLBO9Accretion and dilution7Reading financials8Restructuring11M&A strategy9Deal execution7Operating cases and estimation8Credit and leveraged finance9Comps and relative value9Sector valuation8Capital markets and financing8DCF and intrinsic value7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–5 of 5 · filtered from 100Clear filters
  1. 038A cash-burning airline has cash, an undrawn revolver with a springing covenant, and leases it may be able to defer. How many months of runway does it really have, and what should management do first?RestructuringCoreRestructuring IBLeveraged finance
  2. 066In Kavish Textiles' restructuring, unsecured creditors get the new equity plus rights to buy more at a 30% discount, backstopped for a fee. What does each kind of holder recover?RestructuringHardRestructuring IBLeveraged finance
  3. 076Paravi Chemicals' bonds trade at 40 and you expect a restructuring in 18 months with recoveries of 20, 55 or 80 per 100 of face at 30%, 50% and 20%. What are the expected recovery and the expected IRR, and what would make you pass?RestructuringWarm upRestructuring IBLeveraged finance
  4. 085A hotel company has an Rs 800 crore bond due in 12 months, EBITDA of Rs 120 crore and lenders willing to lend 4.5x. Should it refinance, amend and extend, or sell a hotel? Size the gap and recommend a path.RestructuringCoreRestructuring IBLeveraged finance
  5. 096Creditors owed Rs 2,000 crore by an insolvent steel company must choose between Rs 900 crore upfront and a plan paying Rs 400 crore upfront, Rs 800 crore over four years and 10% of the reorganised equity valued at Rs 1,500 crore. Discount at 12%. Which plan, and what are they really voting on?RestructuringHardRestructuring IBLeveraged finance

Company names and figures are illustrative.