Courses / Capital Structure / What is Capital Structure Upgrade AccountYour current access is limited. To continue watching this lesson, you'll need to purchase a subscription. Sign UpWhat is Capital StructureTo exist, a company must be funded with capital and that capital must come from either debt or equity. The makeup of debt and equity is known as Capital Structure.DiscussionRestricted AccessYou need to sign up for a Lumovest subscription in order to join discussions. Sign UpRestricted AccessYou need to sign up for a Lumovest subscription in order to to download lesson materials. Sign UpCapital 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)
