Balance Sheet & Transaction Structuring
The program „Balance Sheet & Transaction Structuring“ teaches techniques and knowledge to structure simple to complex balance sheets and transactions. By means of case studies critical principles and aspects for a successful balance sheet and transaction structure are being discussed in detail. The focus is on:
- transaction structure: generation and use of cash flows within a structuring
- identification of sources of repayment: evaluation of primary and secondary sources of repayment (cash flows, assets, etc.)
- holding versus operating company: advantages and disadvantages to provide debt to these legal entities and mitigation/minimization of the associated risks
- debtor groups: relationship between senior lenders, secured and unsecured lenders, subordinated lenders, suppliers, lessors and equity holders and how to manage and supervise this relationship
- determination of risks which can be borne by debt holders and which should be borne by equity holders
- optimal capital structure: determination of optimal ratio of debt and equity
- impact of collateral and how it can be used to address business and financing risks
- transaction structuring of change of ownership of companies