Tóm tắt: | An introduction -- Some common leveraged finance terms -- Defining what the market is and the ratings agencies -- The participants -- Why is leveraged finance analysis unique? -- The major components of analysis -- Some features of bank loans -- A quick primer on prices, yields, and spreads -- A quick primer and key points on financial statement analysis -- Credit ratios -- Business trend analysis and operational ratios -- Expectations, modeling and scenarios -- Structural issues: coupons -- Structural issues : maturities, calls and puts -- Ranking of debt -- Key leveraged finance covenants -- Amendments, waivers and consents -- Making money or losing it off of news events -- Management and ownership -- I am looking at debt, why does the equity matter? -- Value, relative value and comparative -- New issuance -- Distressed credits and bankruptcy and distressed exchanges -- Preparing a credit snapshot -- The investment decision process -- Closing comments.
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