Emergency: Rx Superday Help
Hey,
I have a superday coming up with a top Rx EB and wanted to make sure I had everything covered going into the process. Here's what I've prepped so far:
1. Waterfall recovery q's (what's the recovery for each tranche)
2. Bond math (given these characteristics, how would you estimate the YTM on this bond)
3. All of the standard IB technicals (LBO, m&a, accounting with PIK)
4. Market (A couple of deals that they've done, where leveraged loan/Rx market are/heading)
5. Standard behaviorals.
I'm just a little concerned because I know these interviews are highly technical. Should I be prepping the complex HoldCo/OpCo structural subordination stuff? What other debt related technicals could be asked?
Thanks!
I interviewed this summer with an rx eb. Pretty much nail on for this stuff.I had a op co/ hold co case we ran through with very simple balance sheets and had to run through how everything would trade. It included an up- stream guarantee (sets off structural subordination from what i remember). Another good question to have an answer for is: I have 2 bonds that mature on the same date. One trades at 90 and one trades at 30. Explain why this would happen (depends on the entity that issued them- op co and hold co, one may have covenants that offer protection, location in the cap stack)
EB rx questions for SA got def out of hand in term of complexity
Is this for ft or sa? Have contacts at many eb rx and have never heard of a process being this early
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