Description

Understand how to engineer a large project finance model.

Learning Objectives

---

1. Determine how to model the uses of funds in a complex project finance model, including a Debt Service Reserve Account.
2. Recall how to model the uses and sources of funds, revenues, and variable costs.
3. Recall how to model soft costs and Property, Plant, and Equipment (PP&E).
4. Explore asset retirement obligations.
5. Calculate cash flow available for debt service.
6. Model the revolving credit facility and syndicated loans.
7. Recall the mechanics of a Debt Service Reserve Account.
8. Differentiate between cash and non-cash interest.
9. Calculate returns to equity holders.
10. Recall the function of the Loan Life Coverage Ratio.
11. Determine how to structure the debt in a completed model.