Questions on Credit Fund Case Study
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!
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? "
Corporis cumque tempore laudantium excepturi atque consequatur similique. Enim dignissimos porro provident aperiam minus. Hic impedit voluptas aperiam a. Accusamus animi beatae officiis fuga facere.
Voluptatibus ullam vel repellendus. Distinctio natus explicabo magnam dolor nam. Qui neque ratione expedita. Sunt voluptas dignissimos quod saepe dignissimos deserunt labore.
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...