LevFin Prep
Read through the forum and failed to find any substantial information. Any advice on how to prep for LevFin calls/interviews?
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https://www.lcdcomps.com/lcd/f/primers.html the loan and high yield primer are a good place to start
Looks great. Thanks!
loanboy043 should be able to help.
@DTA / OP - happy to give guidance beyond the basic primers
Understanding the role of a bank in leveraged finance (seeking to win mandates to structure, arrange, & execute syndicated loan financings on an underwritten or best efforts basis, marketed to institutional investors - such as CLOs, BDCs, and credit funds), Life Cycle of a Deal and key events/milestones you need to create "Key Deliverables" for (Pitch/Proposal, Internal Approvals - Credit Risk Approval Memo & Underwriting Memo, Mandated via signing "Commitment Papers"--Commitment Letter & Fee Letter, Officially Launch Syndication via "Bank Meeting" -create Lender Presentation & CIM --where Company presents the PowerPoint you created, Closing via Credit Agreement (answer investor Q&A/diligence questions in between), reading the job responsibilities listed in the job description and conceptualizing based on where those fit within the life cycle of a deal, and what skillset the interviewers are seeking in candidates (attention to detail, already knowing a little to hit the ground running, credit skillset), as well as what skillset you would acquire over the course of a year resulting from your job responsibilities is a start (Credit skillset, legal docs knowledge, structuring of deals, etc.)
Probably a run-on, and I have better threads where I explain better. here:
Credit Fund Interview Prep: https://www.wallstreetoasis.com/forums/credit-suisse-credit-investments-group-0#comment-2259161
Term Loan A vs. Term Loan B, All-in Yield calc on TLB (L+400, 99.0 OID, 1% floor): https://www.wallstreetoasis.com/forums/tla-vs-tlb-maturity-and-leverage#comment-2071053
How to Find EBITDA publicly: https://www.wallstreetoasis.com/forums/alternatives-to-bloomberg-for-broke-prospects#comment-2146921
Direct Lending: Unitranche: https://www.wallstreetoasis.com/forums/unitranche-vs-1l2l#comment-228875
hope this helps. I'll edit and re-organize if ppl can't follow
Thank you for the detailed response
Read A Pragmatist's Guide to Leveraged Finance by Kricheff (second edition just came out). This guy is the real deal with tons of industry experience. Sort of the Bible of leveraged finance.
It is only 300 pages so you should be able to knock it out in a week
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