Evercore & Houlihan Bankers- Investment Banking Restructuring Training - Elevate with the Pros

Join 300+ Incoming Investment Banking & Private Equity professionals & students from the top 20+ universities at Elevate's exclusive IB Restructuring Workshop - taught by pros from Evercore & Houlihan IB
Speakers:
- Kaushik Ravi, 8+ Year PE & IB Pro (6+ Year VP at Goldman Sachs IB & PE); Founder, Elevate Career Network
- Tom Dircks - Investment Banker, Houlihan Lokey
- Liam Niznick - Investment Banker, Evercore

[@ambiirnyc]

this is great!

[@MarsRacingNetwork]

Thanks!

[@raheimbinnie4043]

Great info

[@user-ts7uf7cr8o]

3:37 overview
4:07 what is financial restructuring

[@projekts5047]

thx

[@dffrnttd9474]

I think that YTM calc is off, YTM should be 75%. 20 points spread over 4 years is indeed 4 points per year, but on an 80 entry price that's and estimated 5% per year, looks like they've calculated that yield on par.

[@philliphochman1654]

Thank you for the great video, please bear with me here. Could you please explain for 9:23 scenario 3, where you're getting AV=360 from? I see how you're getting total liab=360.
I understand how if you have AV and Liab, how you can back into negative equity=-440. However, I'm unclear on the concept because it's not in accordance with our formula Equity=price per share * shares outstanding. "Shares trade at 10 cents." We still have 100 shares outstanding right? So shouldn't it be: equity=$.10/1 share * 100 shares outstanding =$10? Why does this rule not apply in scenario 3 when it did apply in scenario 1? Appreciate your help.

[@neverlast2810]

Hi AV does not stand for stock price or market cap but rather asset value. The way in which they produced AV was by valuing the debt, weighted by tranche, Senior(500 x 0.6 = 300) + Sub(300 x 0.2 = 60) === total AV of 360. Sometimes in distressed companies valuation is as simple as working out how much money it would take to buy the organisation ($360).

[@10xleverage]

Pretty poor speaker for an investment banker at Evercore

[@neverlast2810]

Guy works 80+ hours. He did pretty good for a guy with no sleep.

[@murderah17]

Lol you hating bc he has a job there and you don't...

[@tuankhailai]

Look at his eyes bro

[@resa574]

Chill bro he’s going to be getting better at it
I hate arrogant people like you who just criticize without providing anything of value