Investment and International Banking
An introduction to the applications of risk analysis to loan structuring in general, and transaction and deal structuring in particular.
- Alternative loan structures: a review of the different alternatives of short-term financing vs. long term financings and the appropriate bank loan structures and how these should be tailored to the borrower’s needs.
- Bridge Loans and Junior Capital: a review of the transactional role played by bridge loan financing along with various forms of junior capital in general, and subordinated and mezzanine capital in particular.
- Acquisition Structures: a review of the disciplines of acquisition financing and the different legal structures used within the bank for facilitating both leveraged and unleveraged deals.
- Holding Companies vs. Operating Companies: a review of structural vs. contractual subordination issues and how these techniques apply in both acquisition and non-acquisition situations.
- Acquisition Structures in Leveraged Finance: a review of the different techniques used in acquisition financing in deals with private equity and other financial borrowers.
Using practical examples from real life public cases, participants will use the skills developed in the Risk Analysis in Corporate Finance Program – particularly cash flow and debt capacity – to design and engineer a series of transfer of ownership and recapitalization scenarios.
The program will also use such cases to develop the underwriting skills required to support an investment and international bank’s role in underwriting loans required to support mergers and acquisitions, leveraged and management buyouts, and dividend recapitalization structures.