Infra LBO Modeling Test

Hey All -

Likely have an upcoming modeling test with our favorite Australian asset manager and wanted to query the group -

1) Does anyone have any experience with their modeling tests? I know on the capital/advisory side, its more project finance and I expect this to likely be an LBO 

2) Separately, most of my experience is in project finance modeling so typically you leverage as much as possible (within specific bounds) based off what the cash flows can support - on a typical LBO test would they provide an EBITDA multiple per tranche or would they propose specific debt:equity requirements overall?

Thanks!