Default & Restructuring: Claim, Recovery Scenarios and Expected Value
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Lessons in this course
- Term Sheet Basics: Draw, Interest-Only, Amortisation & Runway Extension (Chart)Free
- Warrant Coverage: From % of the Loan to Number of Warrants Pro
- Effective Cost: Stated Rate vs All-in Cost with Fees Pro
- Lender Returns: Final Payment, Warrant Value & XIRR Pro
- Venture Debt vs Equity: Dilution and Founders' Value at Exit Pro
- Covenants & MAC Risk: Testing a Minimum-Cash Covenant Pro
- RBF vs Venture Debt vs Equity: Which Is Cheapest at Which Exit? (Chart) Pro
- Default & Restructuring: Claim, Recovery Scenarios and Expected Value Pro