Have a few private credit case studies coming up this weekend (both take home). I haven’t received them yet, but wanted to get some specific insights on certain parts of a credit focused case study - 1.) for the model, if I am not given a specific template to work with, is it ok to use another pre-existing template? This is assuming it’s a full 3-statement model with debt & PPE schedules etc. if it’s a very simple model I won’t need one - I know some funds just want a brief projected summary of rev, EBITDA, FCF, leverage and coverages. 2.) If I am asked to put together a summary term sheet, how do you go about structuring i) maintenance covenant levels, ii) incremental facilities, iii) mandatory prepayments and iv) restricted payments baskets? I only have experience in the BSL market so a lot of these terms are standardized and you rarely see covenants. If anyone could help I’d greatly appreciate it!
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Hey maxwell515, the following topics might be helpful:
Fingers crossed that one of those helps you.
also interested in this
#2 - Term Sheet - happy to help (incremental, RPs, baskets, etc.). How did those go?
"2.) If I am asked to put together a summary term sheet, how do you go about structuring i) maintenance covenant levels, ii) incremental facilities, iii) mandatory prepayments and iv) restricted payments baskets? "
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