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
| +149 | Return Rates For Interns Are Falling? | 46 | 1h |
| +127 | UBS Americas IB: The Kids’ Table of Wall Street | 16 | 2h |
| +84 | I am a drunk MD AMA | 35 | 2h |
| +73 | London IB BB is a challenge | 40 | 9h |
| +61 | VP Lifestyle at Top BB Coverage Groups | 39 | 7h |
| +52 | An Outsider’s View of RX Banking Out of College | 6 | 1d |
| +51 | One year since I didn't get a return - advice | 2 | 3h |
| +48 | SharePoint makes IB hours HELL | 15 | 2d |
| +42 | momentum of Rx groups | 15 | 10h |
| +39 | Fired during interview | 8 | 15h |
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.
Ea veritatis officiis dolores ipsam sed laudantium. Sed tenetur ut qui libero cum debitis voluptates. Id amet blanditiis facilis sint.
Et quia repellendus qui blanditiis tenetur. Labore quisquam animi beatae similique laudantium quas vero. Necessitatibus odio excepturi omnis minus. Aut quod qui ipsam magnam a. Qui praesentium repudiandae magnam recusandae quia minus rerum.
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...