$525 – $600

The Marquee Group - Capital Structure (LBO) Modeling

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Date and Time

Location

Location

The Marquee Group

56 Temperance Street

Suite 200

Toronto, ON M5H 3V5

Canada

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Refund Policy

Refund Policy

Refunds up to 7 days before event

Event description

Description

This hands‐on course focuses on the skills required to build and incorporate a complex capital structure into a financial model. Participants will recapitalize a company’s balance sheet and then forecast specific pieces of debt and equity so that the model can be used for credit purposes or as a Leveraged Buyout (“LBO”) model.

Topics Include

  • Incorporate an acquisition or financing into a model
  • Build a Sources and Uses schedule within a model
  • Incorporate all fees incurred with the transaction
  • Recapitalize a company’s balance sheet
  • Forecast debt and equity
  • Properly incorporate Senior Term Debt with an amortizing repayment schedule
  • Create a robust bank operating line (or revolving credit facility) with a cash sweep
  • Incorporate variable interest rates in which the spread is dependent on the company’s leverage
  • Calculate a stand‐by fee on the undrawn portion of the bank operating line
  • Utilize a margining formula to monitor the size of a company’s bank operating line
  • Incorporate Subordinated High Yield or Mezzanine Debt
  • Build a provision for non‐cash Payment in Kind (PIK) interest on various pieces of debt
  • Create a well‐designed shareholders’ equity schedule
  • Properly link the debt and equity schedules into the financial statements and balance the company’s balance sheet
  • Understand the need for circularity within a model
  • Make a model iterative by incorporating circular references
  • Learn to create a “circular reference breaker” to rid a model
  • Analyze investor’s expectations
  • Properly calculate the investor’s internal rate of return
  • Understand and incorporate operating and debt ratios
  • Include debt ratios in which the covenant tightens each year
  • Create “flags” to warn if a debt covenant has been tripped


Who Will Benefit
This seminar is designed for anyone who wish to improve their financial modelling skills and those involved in preparing financial budgets, forecasts and business valuation.

Eligible for CFA & CPA professional development hours.

Date & Time

Wednesday, March 6, 2019
8:30 am to 5:00 pm
Lunch will be provided


Special Instructions

  • Attendees must bring their own laptop with access to Excel.
  • Attendees should have a solid grasp of basic accounting fundamentals and proficiency with Excel prior to attending.


Registration Deadlines

Early Payment Pricing: $525 + tax (if registration paid by February 20, 2019)

Regular Pricing: $600 + tax (registration closes on March 1, 2019)


*Please note that student pricing is available. To obtain a 40% discount, please email a scanned copy or photo of your student ID that clearly shows your name and expiration date to info@marqueegroup.ca. Once we confirm your status as a current full-time student, we will provide you with a student discount code.

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Date and Time

Location

The Marquee Group

56 Temperance Street

Suite 200

Toronto, ON M5H 3V5

Canada

View Map

Refund Policy

Refunds up to 7 days before event

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