Chapter 1: Credit Agreement & Org Structure 101
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1.1 - Credit Agreements and Covenants (7:39)
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1.2 - Understanding Credit Baskets (9:24)
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1.3 - Pari Secured Credit Baskets (17:02)
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1.4 - Pari Secured Debt on Org Charts (8:52)
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1.5 - Structurally Senior Debt Capacity at NGRS (9:38)
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1.6 - NGRS Transaction Structures (5:58)
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1.7 - Double Dip _ Pari Plus Structures (6:43)
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1.8 - Understanding Liens & Guarantees (19:20)
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1.9 - Unrestricted Subsidiary Transactions (13:55)
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1.10 - Amending Docs (4:36)
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1.11 - Lien Subordination (7:23)
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1.12 - Other Key Considerations (3:01)
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1.13 - Chapter Review (1:40)
Chapter 2: Capital Structure Investing Considerations
Chapter 3: Cross-Capital Structure Investments Case Studies
Chapter 4: Distressed Credit Interview Questions
Chapter 5: Opportunistic Credit Questions
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5.1 - Set #1: HoldCo / OpCo Structure Math (38:19)
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5.2 - Set #2_ Capital Structure Analysis (17:36)
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5.3 - Set #3_ Option Value and Price Considerations_ (45:02)
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5.4 - Set #4_ Valuations _ Multiple Analysis (21:53)
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5.5 - Set #5_ Qualitative Investment Consideration_ (15:52)
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5.6 - Set #6_ Miscellaneous Fund Specific Questions_ (26:31)
Chapter 6: Out-of-Court In-Depth Case Study
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6.1 - Case Study Instructions (4:31)
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6.2 - Breaking Down the Capital Structure (10:57)
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6.3 - Transaction Case - The Company’s View (13:39)
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6.4 - Transaction Case - The Lender’s View (8:32)
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6.5 - Modeling the Transaction_ (26:03)
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6.6 - Transaction Takeaways (12:31)
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6.7 - Debrief Interview Question (17:29)
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Excel Model
Chapter 7: In-Court In-Depth Case Study
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7.1 - Case Study Instructions (3:07)
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7.2 - Set #1 - Situation Assessment & Setup (6:47)
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7.3 - Set #2 - Valuation & Trading Levels (11:03)
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7.4 - Set #3 - Investor Return Analysis (11:37)
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7.5 - Set #4 - DIP Financing & Bankruptcy Mechanics (12:45)
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7.6 - Set #5 - Plan or Reorganization & Recoveries_ (8:48)
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7.7 - Set #6 - Post Reorg Analysis & Investment Decisions (14:12)
Chapter 8: Real Special Sits Case Study #1
Chapter 9: Real Special Sits Case Study #2
Chapter 10: Real Special Sits Case Study #3
Guest Lectures
