Hi,
What is the best book / source to learn about debt, definition, lien, seniority, usual interest (LIBOR + X%), pros and cons for each type of debt, usual PE debt structure, debt swap to equity strategies, how do you treat PIK pre and post-transaction, etc...Any good website or useful information ?
Thanks
| +92 | Sr Asso / VP Unemployment Check-in | 56 | 20h | |
| +35 | What did you do after signing? | 12 | 4h | |
| +25 | Resume Gap after 2.5 Years in PE | 5 | 2d | |
| +23 | PE Recruiting From IB- Play It Safe Or Reach For Best Fund Possible? | 10 | 16h | |
| +21 | Public company LBO | 7 | 2d | |
| +20 | Vista Lateral Associate | 12 | 3d | |
| +18 | VP HF Lateral to PE | 1 | 2d | |
| +17 | PE / IB in NYC from Cambridge compared to US colleges | 5 | 16h | |
| +16 | IB/PE Lifers, Was It Worth It? | 5 | 4d | |
| +16 | Management Meeting Dynamic | 3 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
good question, i want to know also
I would say the following are a good couple of books:
I read the Pearl and Rosenbaum's "Investment Banking" chapters on LBO, I agree it is quite good for a start. Concerning Stephen Moyer's "Distressed Debt Analysis" I have only read good things about the book but I have not bought it following some concerns that all the ananlysis presented in the book was too focused on distressed situations, is that the case ?
Gives you a pretty good overview of debt covenants, seniority etc. So it's well worth a read even if you aren't interested in distress.
The Obama Administration
Epic! SB for you, sir.
Thought about throwing monkey shit at you because you reminded me of a miserable truth, but it was just to damned clever ...
moyer's book is the best
I've got an armada of books that cover all of those topics as well as websites... Unfortunately, I'm just not in a sharing mood today...
Any more suggestions?
Leveraged Financial Markets by Maxwell/Shenkman
I'd also read anything written by martin whitman. guy is a pioneer on the debt side of investing via graham/dodd approach
http://www.distressed-debt-investing.com/
Fabozzi's Fixed Income Guide is a good encyclopedia-style resource that covers all types of instruments
Impedit suscipit illo nobis aliquid et similique et. Libero reiciendis magnam aut ut atque. Quis et nihil esse ut ipsa laudantium. Provident enim rem eligendi eum beatae.
Aut cum voluptatem repellat tempore occaecati est provident recusandae. Ut ipsum cumque assumenda ea fugiat dicta eum. Nisi culpa aliquid aut ipsum cupiditate odio aut dolorem. Qui placeat id neque dolorem quia. Hic quia dolorum deserunt odit rerum. Libero quia aspernatur atque asperiores. Quos ex quis corrupti vero vel rerum sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...