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
Outcome / Qualification etc.
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
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...