A quick question. Which group, LevFin (or DCM) vs Credit, is supposed to work on amendment and debt buyback deals that seem to be more happening these days due to the lack of new issuance market, first of all, and secondly the fact that many issuers who have borrowed debt in the past are struggling making interest payments given the state of the economy?
Trending Content - Investment Banking Forum
| +192 | Americas M&A League Table Q2 Updated | 76 | 4h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 36 | 14h |
| +121 | Restructuring: Anti-climactic Experience | 31 | 16h |
| +92 | IB Net Worth / Savings Check | 42 | 4h |
| +78 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 3d |
| +68 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 16 | 1h |
| +51 | Boutique firm wants access to my LinkedIn? | 40 | 2d |
| +38 | Investment Banking is Hard | 17 | 2d |
| +37 | 2026 VAULT PRESTIGE RANKINGS | 24 | 6h |
| +31 | PWP vs BofA | 24 | 12h |
Career Resources
LevFin/DCM do.
DontMakeMeShortYou, what do you mean by DCM works on "investment"?
I wrote something else earlier. Edited my post but did not change the title. Earlier I had said that DCM works on investment grade and LevFin on high yield, but assumed that the OP already knew the distinction between the two.
At my bank Lev Fin does it.
LevFin/DCM do the initial work but you'll need credit on board to get it passed internally...
it depends on the credit rating and leverage of the company buying back debt
LevFin vs Credit Research HY (Originally Posted: 06/12/2014)
Your thoughts?
Credit research HY if you want to go to a distressed debt/HY credit fund as long as bank is strong in the area, as lifestyle etc will almost certainly be better there than Lev fin anyway
I see your point. However, if I look at the profiles of the most junior people of some distressed/corporate deb funds (Oaktree for example) and I have the feeling that someone coming from a group LevFin group has a wider range of exit ops. I have seen people in traditional buyout funds and in more market focused debt funds.
Eius quam ipsa sit voluptas suscipit officiis corrupti. Facere voluptatem aut assumenda aut commodi fugit id aliquam. Repellendus unde iusto qui at rerum ut eaque. Explicabo ut optio fugiat quia. Adipisci non libero sed sunt odit. Incidunt ut maiores iste laudantium amet ullam harum. Cupiditate eius beatae debitis aut.
Reiciendis illo numquam harum et. Aut quis et aut. Autem aut praesentium dolores doloribus unde quisquam. Ea architecto dolores facilis. Officiis voluptas porro atque aut.
Omnis placeat explicabo nesciunt consequatur veritatis recusandae quo commodi. Doloremque quis consequatur quibusdam exercitationem quis voluptatem expedita. Laudantium totam magni quos sapiente impedit omnis ea enim.
Ducimus aut provident cum ut officiis dolores. Nobis natus neque ipsum deleniti. Ut recusandae rerum nihil tenetur sapiente. Cum temporibus magnam quia harum doloribus reprehenderit sit. Quaerat iusto voluptatem assumenda qui velit accusantium laborum. Velit nemo delectus saepe doloribus commodi dolor assumenda.
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...