Courses / Capital Structure / Connecting Dots

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Connecting Dots

Now that we learned the different tranches of capital and the resulting dynamics, we'll tie everything together and connect the dots.

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Capital Structure

1. What is Capital Structure
(3:40)
2. Capital Structure Seniority
(4:13)
3. Debt Tranche Name
(5:13)
4. Pari-Passu
(2:19)
5. Senior Debt vs. Junior Debt
(3:11)
6. Contractual Subordination
(3:18)
7. Collateral Subordination
(3:47)
8. First Lien vs. Second Lien
(2:35)
9. Structural Subordination
(5:49)
10. Seniority and Cost of Capital
(1:11)
11. Key Takeaways on Seniority
(3:56)
12. Coupon
(3:31)
13. Floating Interest Rate
(4:52)
14. Tax Shield on Interest Expense
(3:17)
15. Tenor
(1:52)
16. Mandatory Amortization
(2:02)
17. Optional Repayment
(3:32)
18. Refinancing Risk
(2:21)
19. Bullet Repayment
(1:12)
20. Leverage Multiples
(2:01)
21. Capital Structure Risk is Cumulative
(4:38)
22. Coverage Multiples
(1:20)
23. Three Types of Covenants
(3:13)
24. Maintenance Covenants vs. Incurrence Covenants
(2:22)
25. Revolving Credit Facility (RCF)
(5:30)
26. Revolver Interest Rate
(4:17)
27. Loan
(2:38)
28. Bond
(1:39)
29. Mezzanine
(5:49)
30. Equity
(3:15)
31. Connecting Dots
(3:07)

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