Professional Training

The Use of Subordinated Debt Products in Acquisition Finance - Learn Live

Length
3 hours
Next course start
3 July, 2024 See details
Course delivery
Virtual Classroom
Length
3 hours
Next course start
3 July, 2024 See details
Course delivery
Virtual Classroom

Course description

Financial sponsors are constantly considering ways to introduce additional leverage into acquisition financing structures to increase overall investment returns.


This virtual classroom seminar will review the principal junior financing options available to financial sponsors. You will explore the structuring considerations applicable to each type of financing, review market practice for documentation and provide a comparative analysis between these products. You will also consider various case studies from the European leveraged finance market.


The session is presented by Jones Day's Lee Federman, who has represented financial institutions, direct lenders, hedge funds, financial sponsors, and corporates in complex event-driven financing transactions for more than 15 years.

Upcoming start dates

1 start date available

3 July, 2024

  • Virtual Classroom
  • Online
  • English

Outcome / Qualification etc.

Following all MBL courses, a certificate of attendance will be provided for those who are required to evidence their CPD activity to a professional body.

Training Course Content

Introduction

Financial sponsors are constantly considering ways to introduce additional leverage into acquisition financing structures to increase overall investment returns.

This virtual classroom seminar will review the principal junior financing options available to financial sponsors. You will explore the structuring considerations applicable to each type of financing, review market practice for documentation and provide a comparative analysis between these products.

You will also consider various case studies from the European leveraged finance market.

What You Will Learn

This live broadcast will cover the following:

  • Types of Subordination
    • Contractual subordination
    • Structural subordination
    • Trust subordination
  • Senior Debt Features and Common Structures
  • Principal Subordinated Debt Products
    • Mezzanine debt
    • High yield debt
    • Second lien debt
    • Holdco debt
    • Preferred equity
    • Fund level financing
  • Key Documentation
    • Intercreditor Agreements
    • Subordination Agreements
    • Deeds of Priority
  • Key Issues for Consideration
    • Restrictive covenants
    • Change of control
    • Security/guarantees
    • Permitted payments
    • Dividend restrictions
    • Voting Rights
    • Enforcement/acceleration

Expenses

From £144
MBL Seminars Limited
C/o Law Business Research
Holborn Gate, 330 High Holborn
WC1V 7QT London

MBL Seminars Limited

MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...

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