Course Category

Evaluating Distressed Debt - Virtual

This course is designed to clarify how to value high yield distressed debt. The course applies a systematic technique for approaching distressed debt and for focusing on the key credit issues. It then applies this methodology to a company’s specific outstanding distressed debt using the company’s current 10K and 10Q, projections, loan agreement, web site and an on-site visit. Finally, it integrates these areas of risk and methodologies to value the distressed debt.

Take this class without ever leaving the office via our Virtual Classroom (Virtual NYIF). Accessible from any internet connected computer - regardless of where you are geographically. All you need is an internet connection, a browser and speakers or audio headphones!

• Describe systematic techniques for approaching credit risk judgment and for focusing on the key credit issues.
• Evaluate a corporation's overall business risk including its industry risk, competitive position and management/strategy.
• Evaluate a corporation’s overall financial risk including adjustments to its financial ratios and its financial policy, profitability, leverage, cash flow and financial flexibility.
• Evaluate loan agreements and the strength of creditor in controlling management and cash flow.
• Make and evaluate financial projections for assessing avoidance of bankruptcy.
• Evaluating loss given default taking into account covenants, collateral, structural and contractual seniority, enterprise value and liquidation value.