What’s covered:
- The benefits of leverage and where used in M&A
- How debt magnified returns
- Historical context and the rise of the debt fund
- What banks like
- Debt products
- Pricing and leverage levels
- Sell side advisor role and debt staple
- Buy side advisor role and equity underwriting
- Term sheet terminology
- Creating of a bank case
- Covenant testing across debt service cover ratio, gross leverage and interest cover
