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Restructuring & Distressed Debt Primer

14 pages

About this resource

Restructuring is a niche that rewards deep preparation. This primer covers the key concepts: what restructuring is and how it differs from M&A, capital structure waterfall and priority of claims, fulcrum security identification, the Chapter 11 process end-to-end, DIP financing, and interview questions with model answers. Includes firm-specific intelligence for Evercore RX, Houlihan Lokey, and Lazard FR. UK section covers Administration, CVA, Scheme of Arrangement, the 2020 Restructuring Plan with cross-class cram-down (CIGA 2020), and pre-pack administration. Additional interview Q&As on pre-packaged bankruptcies, covenant mechanics (breach vs payment default, waivers, amendments), and exchange offers.

What’s inside

01What Is Restructuring? (vs M&A)
02The Capital Structure Waterfall
03Fulcrum Security Identification
04Chapter 11 Process — Key Stages
05Restructuring Interview Questions
06Firm-Specific Intel: Evercore RX, Houlihan Lokey, Lazard FR
07UK and European Restructuring Mechanisms
08Additional Interview Questions (Pre-packs, Covenants, Exchange Offers)

What's included

Chapter 11 process end-to-end: pre-petition, DIP financing, creditor committees, cram-down, emergence
Capital structure waterfall and fulcrum security identification with worked example
UK insolvency mechanisms: Administration, CVA, Scheme of Arrangement, and the 2020 Restructuring Plan
Covenant mechanics: financial vs incurrence vs maintenance, breach vs payment default, waivers and amendments
Firm-specific intel for Evercore RX, Houlihan Lokey, and Lazard FR
restructuringdistressedspecial situationsChapter 11Evercore

Price

£99

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