Long-Form LBO Modeling - Live
Build a long-form 3 statement LBO model, including layering in a multi-tranche debt schedule and 2 levels of equity
Overview
Master the mechanics of deal modeling with this hands-on course where participants build a fully integrated three-statement LBO model from the ground up. Learn how to layer in a complex capital structure, explore the rationale behind dual equity ownership levels, and calculate detailed returns for both equity and mezzanine holders. Topics include:
- Differences between the short-form and long-form LBO
- Sources of capital and associated costs / attributes
- Term loans A, B and C
- Second lien
- Mezzanine and high yield
- Preferred equity
- Common equity
- PIK interest
- PIK dividends
- Warrants
- Rollover of existing management equity
- Understanding the need for two types of equity in the capital structure
- Constructing the opening, pro forma balance sheet
- Constructing the projected income statement, balance sheet and cash flow statement
- Cash sweep with mandatory and accelerated payments
- Calculating returns to equity and mezzanine holders