Bonds and LevFin
This must be a stupid question. If you want to do LevFin, you must know your bond stuff really well, right?
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A lot of LevFin is bank loans to Private Equity sponsors, not just bonds.
Thanks. What are some other loans that I should look up since I'm interested in LevFin?
Bridge, Syndicated, Asset-Based, Revolvers
You wouldn't be lying about your position and industry would you?
Barbarian, that's crazy. Can't tell ya what my intention is but definately not what you stated, but I seriously want to learn more about it. That's all.
Easy there
How would a "1st Year IB Associate" not know what any of the following are? FIG LevFin Middle Market IB Products Personal attributes looked for in interviews etc
This.
Answer the question, doctortt.
An easy question for someone to ask you in an interview would be to describe the difference between Term Loan A and TL B. If you were to do research beforehand you could answer it.
This isn't DCM. A lot of LevFin is modeling and making sure a company can support their financing structure.
r there any modeling done within lev. fin. group though, because I coverage took care of that
thought*
depends on the team, but yes you are right --- Levfin is a lot less modeling intensive than is perceived. Especially if there are strong industry / sponsors groups.
levfin differs from bank to bank, and i don't just mean whether it's in DCM or IBD. Some banks and groups are highly modeling intensive and carry the entire execution.... whereas other banks with strong industry groups will just use LevFin for.. well lets say much less modeling activities..
to be fair, it is true that leveraged finance differs from bank to bank but most are typically the same with similar functions. I work in LevFin at a middle market bank and can tell you that modeling is pretty granular relative to M&A. We do true bottoms up analysis by products and platforms and are always in direct contacts with accounting firms, legal, CFO, etc to get the "story" behind the company. Back to your original question, for LevFIn, I would definitely be cognizant of revolving credit facilities and term loan A. These are the typical loans that sponsors will use to back their buyouts in addition to a mezz peice.
Hey, What's wrong with not knowning those stuff? (At least, I'm trying to find out the answers) And, when did I say I'm a 1st year IB associate? You should chill out bro. You made one wrong assumption after another. But, thanks for everyone's reply to help me sort things out, appreciate it.
doctortt,
Click on your profile. It says, "Investment Banking: 1st Year Associated."
LOL
Does anyone think people actually put their real "Title" on WSO, give me a break. Can't believe anyone would really even take the time to check.
What would be the point in lying about that, though? To live vicariously through a fictional self? Sounds pathetic.
ok, then post your picture VanBurenBoyz ... what do you say to that? I don't want to start a nasty exchange, it is really not worth it, as you know. But you get the point. Peace out. I'm sure you're a good guy, as am I. Just having fun.
Relax, bud. My reply to you wasn't hostile. There are 2 posters here that know who I am, so they can call me out if I ever portray myself inaccurately.
Happy Saturday.
All good. I'm chill.
I'd say it's important to know your shit anywhere; but the levfin shops are historically pretty tough
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