Restructuring Pathway

Intermediate 0/11 Playlists Completed

Leveraged Buy Out

Private Equity | 24 videos | 1 quiz
LBO Definition
1 of 25
01:23
IRR and Value Analysis
2 of 25
03:47
IRR and Value Analysis Workout
3 of 25
04:03
LBO Steps
4 of 25
01:58
Assumptions
5 of 25
02:26
Sources and Uses of Funds - LBO
6 of 25
03:41
Sources and Uses of Funds Workout
7 of 25
01:42
Levered Valuation at Entry
8 of 25
02:24
Levered Valuation at Entry Workout
9 of 25
04:15
Model - Intro and Steps
10 of 25
01:14
Model - Assumptions and Valuation
11 of 25
03:01
Model - Sources and Uses of Funds 1
12 of 25
02:15
Model - Sources and Uses of Funds 2
13 of 25
02:12
Model - Income Statement Ex Interest
14 of 25
02:22
Model - Balance Sheet Items
15 of 25
02:48
Model - Cash Flow Available for Debt Repayment
16 of 25
01:20
Model - Debt Repayments
17 of 25
02:54
Model - Debt Schedule 1
18 of 25
01:50
Model - Debt Schedule 2
19 of 25
01:52
Model - Interest
20 of 25
03:27
Model - Link Interest to IS and CFS
21 of 25
04:15
Model - Debt Ratios
22 of 25
04:46
Model - IRR Calculation
23 of 25
04:43
Model - Sensitivity Analysis
24 of 25
04:48
Leveraged Buy Out Tryout
25 of 25

Debt Products in Private Equity

Private Equity | 4 videos | 4 quizzes
Financing Instruments
1 of 8
12:43
Financing Instruments Tryout
2 of 8
Documentation
3 of 8
09:55
Documentation Tryout
4 of 8
Financing Consideration Process
5 of 8
10:37
Financing Consideration Process Tryout
6 of 8
Credit Committee in Banking
7 of 8
09:53
Credit Committee in Banking Tryout
8 of 8

An Introduction to Analyzing Credit Risk

Credit Analysis | 19 videos | 1 quiz
The Credit Perspective
1 of 20
01:47
Understanding Credit Ratings
2 of 20
01:28
Building Credit Ratings
3 of 20
01:10
Business Risk - Operating Country
4 of 20
00:19
Business Risk - Company Position - Peer Group Analysis
5 of 20
00:35
Business Risk - Industry Dynamics
6 of 20
01:08
Leverage Averages for US Industrial Companies by Rating
7 of 20
00:28
Estimating Ratings Workout 1
8 of 20
01:18
Estimating Ratings Workout 2
9 of 20
02:09
Financial Risk
10 of 20
00:40
Credit Cash Flow Statement
11 of 20
02:40
Understanding Funds from Operations
12 of 20
03:25
Cash Flow Adequacy Metrics
13 of 20
00:51
Cash Flow Adequacy Workout
14 of 20
06:12
Why Liquidity Matters
15 of 20
02:05
Liquidity Workout
16 of 20
02:51
Business and Financial Risk Combine to Generate a Rating
17 of 20
00:36
Credit Ratings Complexities
18 of 20
02:35
Case Company Workout
19 of 20
08:32
An Introduction to Analyzing Credit Risk Tryout
20 of 20

Debt Capacity

Credit Analysis | 11 videos | 1 quiz
Debt Capacity Overview
1 of 12
02:50
Cash Flow Based Debt Capacity
2 of 12
03:26
Creating Cash Flow Scenarios
3 of 12
01:51
Amortizing the Loan
4 of 12
01:46
Creating Tranches
5 of 12
01:29
Modeling Credit Scenarios Part 1 Workout
6 of 12
05:53
Modeling Credit Scenarios Part 2 Workout
7 of 12
04:13
Modeling Credit Scenarios Part 3 Workout
8 of 12
01:51
Debt Capacity With Scenarios TLa
9 of 12
02:59
Debt Capacity With Scenarios TLa and TLb
10 of 12
05:26
Amortization Workout
11 of 12
04:28
Debt Capacity Tryout
12 of 12

Signs of Financial Distress

Restructuring | 7 videos | 1 quiz
Identifying Warning Signs
1 of 8
01:58
Operational Underperformance
2 of 8
01:19
Liquidity Problems
3 of 8
02:09
Worsening Credit Metrics
4 of 8
01:39
Accounting Issues
5 of 8
01:22
Management or Company Behavior
6 of 8
01:36
Significant Operational Disruption
7 of 8
01:48
Signs of Financial Distress Tryout
8 of 8

Forensic Accounting

Accounting | 14 videos | 1 quiz
Forensic Accounting Myths
1 of 15
02:18
Soft Areas in Accounting
2 of 15
02:06
Non GAAP Numbers
3 of 15
04:54
Non GAAP Reconciliation
4 of 15
03:47
Estimated Numbers
5 of 15
02:12
Contract Accounting Workout
6 of 15
04:26
Inventory Valuation Workout
7 of 15
03:45
Provisions Workout
8 of 15
02:38
M&A Workout
9 of 15
04:58
Cash Flow Statement Reconciliation
10 of 15
02:59
Classifying Cash Flows
11 of 15
03:19
Supply Chain Finance
12 of 15
03:49
Analyzing Cash Flows
13 of 15
02:27
Forensic Toolkit
14 of 15
02:13
Forensic Accounting Tryout
15 of 15

Restructuring Triggers

Restructuring | 4 videos | 1 quiz
Major Restructuring Triggers
1 of 5
02:37
Insolvency - Cash Flow Test
2 of 5
02:09
Insolvency - Balance Sheet Test
3 of 5
03:24
Restructuring Triggers Workout
4 of 5
05:34
Restructuring Triggers Tryout
5 of 5

Restructuring Options

Restructuring | 4 videos | 1 quiz
Restructuring Options Introduction
1 of 5
01:36
Business Turnaround
2 of 5
03:57
Asset Disposal
3 of 5
02:56
Liquidation
4 of 5
02:53
Restructuring Options Tryout
5 of 5

Divestiture Modeling

Financial Modeling | 32 videos
Reasons for Divestitures
1 of 32
02:40
Divestiture Options - Pros and Cons
2 of 32
04:03
Divestiture Modeling Introduction
3 of 32
01:12
Private Sale
4 of 32
01:58
Why Don't We Deconsolidate a Subsidiarys Equity
5 of 32
03:30
Private Sale Workout
6 of 32
03:15
Private Sale - Asset vs. Share Deal
7 of 32
02:03
Private Sale - Book vs. Tax Basis
8 of 32
02:28
Private Sale - Book vs. Tax Basis Workout
9 of 32
04:35
Divestitures and Tax - Examples
10 of 32
03:06
Capital Gains Tax - Selected Countries
11 of 32
01:23
Private Sale - Model Step 1 - Deconsolidation
12 of 32
03:32
Private Sale - Model Step 2 - Proceeds, Share Buyback and Tax
13 of 32
03:51
Private Sale - Model Step 3 - Income Statement
14 of 32
05:51
Private Sale - Model Step 4 - Returns Analysis
15 of 32
02:51
Initial Public Offering
16 of 32
02:37
Non Controlling Interest
17 of 32
03:01
Non Controlling Interest Valuation
18 of 32
02:20
IPO and NCI at Fair Market Value Workout
19 of 32
04:38
IPO and NCI at Fair Value of Net Assets Workout
20 of 32
03:03
Spin Off
21 of 32
02:33
Spin Off Workout
22 of 32
02:04
Spin Off With Debt Pushdown Workout
23 of 32
05:29
Spin Off - Model Step 1a - Debt Pushdown For Group
24 of 32
01:55
Spin Off - Model Step 1b - Debt Pushdown For Subsidiary
25 of 32
02:38
Spin Off - Model Step 2 - Spin Off
26 of 32
04:36
IPO With Debt Pushdown Workout
27 of 32
05:44
IPO and Spin Off - Model Step 1 - IPO
28 of 32
03:31
IPO and Spin Off - Model Step 2 - Debt Pushdown for Subsidiary
29 of 32
03:43
IPO and Spin Off - Model Step 3 - Debt Pushdown for Group
30 of 32
04:42
IPO and Spin Off - Model Step 4 - Spin Off
31 of 32
03:45
IPO and Spin Off - Model Step 5 - Income Statement
32 of 32
08:15

Legal Restructuring Tools

Restructuring | 7 videos | 1 quiz
Legal Restructuring Tools Introduction
1 of 8
03:12
UK Specific Restructuring Tools - Company Voluntary Arrangement
2 of 8
02:33
UK Specific Restructuring Tools - Restructuring Plan
3 of 8
02:54
UK Specific Restructuring Tools - Administration
4 of 8
01:14
US Specific Restructuring Tools - Chapter 11 and 7
5 of 8
04:24
Europe Specific Restructuring Tools
6 of 8
00:52
Case Study Legal Restructuring Tools
7 of 8
Legal Restructuring Tools Tryout
8 of 8

Reaching an Agreement

Restructuring | 7 videos | 1 quiz
Reaching An Agreement
1 of 8
01:09
Consensual Restructurings
2 of 8
04:15
Consensual Deals - Pre-packaged Plans
3 of 8
02:14
Non-consensual Restructurings
4 of 8
03:51
Reaching an Agreement Workout 1
5 of 8
02:39
Reaching an Agreement Workout 2
6 of 8
01:43
Reaching an Agreement Workout 3
7 of 8
02:45
Reaching and Agreement Tryout
8 of 8
Advanced skills 0/3 Playlists Completed

13 Week Cash Flow Modeling Scenarios

Financial Modeling | 14 videos
Introduction
1 of 14
05:33
Accrual to Cash
2 of 14
03:03
What the Model Tells Us
3 of 14
03:36
Case in Point - True Religion Apparel
4 of 14
06:32
True Religion - Accrual to Cash
5 of 14
03:01
Cash Receipts
6 of 14
04:32
Cash Receipts Workout
7 of 14
02:59
Cash to Suppliers
8 of 14
06:09
Cash to Suppliers Workout
9 of 14
05:20
Cash Wages
10 of 14
03:36
Cash Wages Workout
11 of 14
03:08
Other Operational Disbursements
12 of 14
04:28
Financing Implications
13 of 14
07:14
Case Summary
14 of 14
03:12

Building a 13 Week Cash Flow Model

Financial Modeling | 17 videos
Case in Point SGC Intro
1 of 17
04:42
Building the Model
2 of 17
06:09
Step 0 Model Introduction
3 of 17
08:00
Step 1 Convert Monthly IS to Weekly
4 of 17
11:14
Step 1b Convert Monthly IS to Weekly - Expenses
5 of 17
12:28
Step 2 Calculating OWC Rollforwards - AR
6 of 17
08:33
Step 2b Calculating OWC Rollforwards - Inv AP
7 of 17
07:38
Step 2c Calculating OWC Rollforwards - Wages
8 of 17
05:59
Step 3 PPE
9 of 17
04:11
Step 4 Revolver Base
10 of 17
08:46
Step 5 13 Week CFS
11 of 17
06:24
Step 6 Cash Reconciliation
12 of 17
05:49
Step 7 Calculating the Revolver
13 of 17
17:43
Step 8 Debt and Interest
14 of 17
07:11
Step 9 Summary BS
15 of 17
03:38
Step 10 Reconciling EBITDA to CF
16 of 17
07:09
Case in Point Summary
17 of 17
02:00

Distressed Debt Restructuring

Credit Analysis | 11 videos
Introduction Summary
1 of 11
12:20
Case in Point Walk Through
2 of 11
02:29
Debt Capacity Exercise
3 of 11
05:09
Comparables Exercise
4 of 11
04:32
Liquidation Value Exercise
5 of 11
03:17
Debt Restructuring Exercise
6 of 11
06:41
Liquidation Analysis
7 of 11
03:03
Debrief Part 1
8 of 11
03:19
Debrief Part 2
9 of 11
04:39
Debrief Part 3
10 of 11
03:51
Debrief Part 4
11 of 11
08:12