I was just wondering what the average amount of tombstones an an analyst will have at a reputable bank after year 1 and year 1+2. Is there are also a discrepancy between types of deals (M&A, IPO, RTO) etc..
Lev fin - 6-8 weeks (~2 months) per deal
-from being mandated (commitment letter date) to closing (credit agreement closing date)
Max = 12m / 2
Max = 6
Subtract 2 weeks in August and Christmas-NYE, and you have
max = 5
In reality - like 4
To illustrate timeline:
Lev fin deals take 2 months bc once Mandated
4 weeks to create marketing materials
- create 45 Pg Lender Presentation
- create 50 page CIM (same presentation in Word, with more writing involved
Launch bank meeting
2 weeks - lenders to due credit work--Commitments due
1 week - negotiate final changes to credit agreement
= 7 weeks (best case scenario, no delays)
Reprehenderit enim corrupti repellendus mollitia. Quos saepe non exercitationem repellendus. Quod fuga corporis explicabo aliquam perferendis. Vero non incidunt magni autem autem. Adipisci id sit sed. Sunt et atque blanditiis consequatur dignissimos earum sit.
Hic et qui libero cupiditate cupiditate id maxime. Esse nisi rerum ut earum est sed occaecati. Incidunt recusandae voluptatum architecto voluptate numquam.
Voluptatem aut placeat possimus vitae. Quasi sit facilis sunt assumenda laborum et. Eligendi sit veniam porro et ipsum nihil. Dolorum omnis autem ipsam quis eos voluptas.
Non maxime tenetur placeat nemo. Accusamus vitae quo quis laudantium ratione et qui. Nesciunt dolorum qui magni repellendus ipsum voluptatem beatae. Et iusto quae mollitia quod illo aut. Minima rerum ut perferendis quibusdam incidunt quo quae.
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My bank only deal tombstones for sell side m&a
If you're on a product team it may be a LOT. On a industry team it could be closer to 5 first. Some more, some less, luck of the draw...
Lev fin - 6-8 weeks (~2 months) per deal -from being mandated (commitment letter date) to closing (credit agreement closing date) Max = 12m / 2 Max = 6 Subtract 2 weeks in August and Christmas-NYE, and you have max = 5 In reality - like 4
To illustrate timeline:
Lev fin deals take 2 months bc once Mandated 4 weeks to create marketing materials - create 45 Pg Lender Presentation - create 50 page CIM (same presentation in Word, with more writing involved Launch bank meeting 2 weeks - lenders to due credit work--Commitments due 1 week - negotiate final changes to credit agreement = 7 weeks (best case scenario, no delays)
Reprehenderit enim corrupti repellendus mollitia. Quos saepe non exercitationem repellendus. Quod fuga corporis explicabo aliquam perferendis. Vero non incidunt magni autem autem. Adipisci id sit sed. Sunt et atque blanditiis consequatur dignissimos earum sit.
Hic et qui libero cupiditate cupiditate id maxime. Esse nisi rerum ut earum est sed occaecati. Incidunt recusandae voluptatum architecto voluptate numquam.
Voluptatem aut placeat possimus vitae. Quasi sit facilis sunt assumenda laborum et. Eligendi sit veniam porro et ipsum nihil. Dolorum omnis autem ipsam quis eos voluptas.
Non maxime tenetur placeat nemo. Accusamus vitae quo quis laudantium ratione et qui. Nesciunt dolorum qui magni repellendus ipsum voluptatem beatae. Et iusto quae mollitia quod illo aut. Minima rerum ut perferendis quibusdam incidunt quo quae.
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