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High Yield Debt Instruments

Understand the differences between investment and sub-investment grade debt products, the different financing products available within sub-IG, the issuance process, investor base, and examples of how each product is used in practical settings.

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19 Lessons (39m)

Show lesson playlist
  • 1. What is High Yield Debt

    02:01
  • 2. What Makes a Company Sub-Investment Grade

    02:47
  • 3. The Uses of High Yield Debt

    01:19
  • 4. Types of High Yield Instruments

    01:27
  • 5. A Leveraged Capital Structure

    01:30
  • 6. Revolvers and Leveraged Loans

    03:51
  • 7. The Loan Process

    01:29
  • 8. Term Loan B - Broadly Syndicated Loan

    02:10
  • 9. CLOs and the Leveraged Loan Market

    05:07
  • 10. The Rise of Private Credit

    04:14
  • 11. Private Credit Workout

    02:54
  • 12. High Yield Bonds

    02:00
  • 13. The Bond Issuance Process

    00:52
  • 14. Loans vs. Bonds

    00:51
  • 15. Mezzanine: First Loss Debt

    01:25
  • 16. Debt Capacity: Structuring the Deal

    02:18
  • 17. Debt Structuring Workout

    04:12
  • 18. High Yield Financing Summary

    00:27
  • 19. High Yield Debt Instruments Tryout


Prev: Corporate Bonds

The Loan Process

  • Notes
  • Questions
  • 01:29

The loan process.

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Glossary

bank memo credit approval Credit Committee credit memo loan documentation loan syndication RFP term sheet
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