Lighter Capital

JULY 11, 2024

Cash flow is typically reported in the cash flow statement , a financial document designed to provide a detailed analysis of what happened to a business’s cash during a specified period. The document shows where a company used or received cash, and it reconciles the beginning and ending cash balances.

Finance 59

Finance Dividends Start-ups Capital Structure 59

GCF Value

AUGUST 8, 2023

Gift and estate tax returns that include a well-supported and documented valuation will help defend the value of the business to taxing authorities.

Business Valuation 52

Business Valuation Appraisal Capital Structure Specific Risk 52

Scott Mashuda

JUNE 6, 2024

REAG can provide guidance by: Educating on debt financing options Analyzing equity considerations Evaluating capital stack implications Providing insights on exit planning impact Understanding the current capital structure and potential financing options is crucial for optimizing the business’s value and ensuring a smooth transition.

Debt Financing 40

Debt Financing Capital Structure Finance Equity 40

Brian DeChesare

JULY 27, 2022

For example, to process and check loan documents efficiently, you’ll have to pay for covenant-review services or lawyers. For example, why might Bond A have a 10% YTM with an 8% coupon rate while Bond B has a 9% YTM with a 10% coupon rate if they have the same ranking in the capital structure? The Top Credit Hedge Funds.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Reynolds Holding

SEPTEMBER 11, 2024

9] The influence of political connections has been documented in a large sample of regulatory enforcement actions, see Yue, et al. 10] Further, Lambert (2019) documents that regulators are nearly 44 percent less likely to initiate enforcement actions against banks with lobbying activities. [11] 19] Similarly, Berger, et al.

Banking 45

Banking Marketability Capital Structure Finance 45

Reynolds Holding

AUGUST 22, 2022

Restructuring is a complex and multi-dimensional process that involves a range of actions affecting operations, capital structure, and governance. I validate my primary findings by documenting that recovered zombie firms improve their operating efficiency and restore profitability compared with non-recovered zombie firms.

Banking 45

Banking Finance Capital Structure Marketability 45

Reynolds Holding

JANUARY 17, 2024

The company’s financial creditors, institutions that held first-lien debt and second-lien debt, negotiated with the company and its private equity sponsor for months over a new capital structure.

Equity 45

Equity Capital Structure Compliance 45

Shephard Mullin M&A

APRIL 21, 2020

The transaction documents tend to include many of the same deal concepts, and the acquisitions are generally subject to the same array of third-party consents that tend to be at issue in connection with the purchase of a stable company. Key Considerations Related to Distressed Sales Out-of-Court.

Capital Structure 52

Capital Structure Equity Banking Finance 52

Cooley M&A

SEPTEMBER 16, 2024

One strategy for moving forward in a merger of equals transaction is to agree on a timeline for aligning on key issues and then only move to drafting definitive documents once the key issues have been agreed. Dealmakers should consider keeping conversations at a high level until key issues are resolved.

Equity 52

Equity Finance Capital Structure Equity Financing 52

Brian DeChesare

MAY 24, 2023

Capital Structure Trades – Or you could focus on Jacobs’ ~$4 billion in debt and long or short some of their bonds (or use credit default swaps) if you believe its credit rating will change once the deal takes place.

Equity 64

Equity Start-ups EBITDA Banking 64

Equilest

MAY 24, 2023

They provide insights into the financial position, capital structure, and overall worth of the business. Assumptions and Forecasting Methodologies Financial projections are based on assumptions about various factors, such as pricing, market share, cost structure, and economic conditions.

Business Valuation 40

Business Valuation Discounted Cash Flow Comparable Company Analysis Net Present Value 40

Reynolds Holding

FEBRUARY 13, 2025

24] One response to this situation seems to be the middle path of cov-loose [25] agreements, which are neither cov-free nor cov-lite and retain a leverage covenant in the documentation while offering sponsors flexibility. [26] 28] The unitranche structure entails higher risk but also features a higher yield than traditional senior financings.

Banking 45

Banking Finance Marketability Equity 45

Reynolds Holding

APRIL 11, 2023

The constituent documents may also contain limitations on the voting rights that may be granted to preferred stock, and the company’s existing capital structure should be reviewed to ensure any new issuance does not violate the terms of existing securities.

Dividends 45

Dividends Capital Structure Equity 45

Reynolds Holding

APRIL 28, 2022

While there are certain safeguards built into that process, it is well-documented that there are areas of friction and inefficiency with a traditional IPO, including high fees imposed on issuers. The capital structures can also be complicated, with public warrants, private warrants, forward purchase warrants, and working capital warrants. [33]

Marketability 56

Marketability Equity Alpha Capital Structure 56

Cooley M&A

OCTOBER 12, 2021

In February 2019, Empire engaged Moelis to advise on capital structure issues and long-term debt. If the projections exclude certain known developments that could impact future revenue or cash flow, the special committee should inquire as to the rationale for the exclusions and should document that rationale in the committee’s minutes.

Capital Structure 40

Capital Structure Finance 40

Class VI Partner

JULY 28, 2021

It is typically the highest risk/highest potential return portion of a company’s capital structure. It is the second-most risky portion of a company’s capital structure (after Common Equity), but can enjoy appreciation potential similar to Common Equity depending on the terms and conditions of the Preferred Equity.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Appraiser Newsroom

FEBRUARY 16, 2022

Mr. Beaton h as written and spoken extensively on valuation techniques for companies with complex capital structures and has been a designated member of ASA for 29 years. Fickling-Mune has worked closely with global companies in a vast range of industries, assisting them with transfer pricing planning, documentation and defense. . .

Intangible Assets 52

Intangible Assets Business Valuation Appraisal Corporate Finance 52

Equilest

JANUARY 19, 2025

That's why we built our software to handle even the most intricate capital structures. Enter waterfall analysis - a powerful tool that has revolutionized how we approach company valuations, especially for businesses with complex capital structures. What is Waterfall Analysis?

Capital Structure 52

Capital Structure Business Valuation Fair Market Value Compliance 52

Reynolds Holding

FEBRUARY 11, 2025

The case was moot, plaintiffs-appellees argued, because, following the conversion, Holdings had merged with and into Tripadvisor, leaving Tripadvisor with a simplified capital structure and no controlling stockholder. [4] 20] ENDNOTE [1] Maffei v.

Fair Market Value 45

Fair Market Value Capital Structure Finance Marketability 45

Reynolds Holding

JANUARY 27, 2025

The Federal Reserve requires an applicant to submit an application to form a bank holding company, which often is a lengthy process that involves review of substantial documentation and on-site examination of the companys readiness to become a bank holding company. [19] 2) The adequacy of the depository institutions capital structure. (3)

Banking 59

Banking Start-ups Finance Marketability 59