How do people prep for Rx interviews?
Would be grateful for advice on which resources to use to prepare?
(Most of the traditional IB guides do not cover Rx)
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Having a basic understanding of the different liability management exercises / what you can solve for, covenants, the differences between creditor and debtor engagements (depending on the shop, there can be a heavy skew towards one or the other), and knowing capital structure dynamics (what happens to a certain tranche in a given scenario).
HL does primarily creditor sides, PJT has a relatively even split between creditor and debtor engagements, and Lazard does mostly debtor although they are doing substantially more creditor work than they were a couple of years ago.
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