Associate

The most difficult question was: "Tell me more about the DIP revolver in your past deal? Was it an ABL or cash flow loan? FILO?" The VP asking this was very detailed re: the specifics of my past deal experience and wanted to confirm every nook and cranny. These guys are naturally skeptics, as most restructuring folks tend to be. You have to know your past deal experience inside and out, no mistaking or fuzzy memory. They will drill down to the core about every detail until they can't anymore or until they trip you up.

Then they asked "if you have 100M EV, 50M TL and 100M Unsec Notes," describe recovery value for each stakeholder