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At the beginning of the year, you finance 100 million dollars of inventory by taking on 100 million dollars of debt. The debt is amortized 20% at the end of the year and the interest on the debt is 5% cash, 5% paid in kind. At the end of the year you sell your inventory for 200 million dollars in revenue at 100 million dollars in cost. Walk me through how these changes impact the 3 financial statements at both the beginning and end of the year.
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Summer Analyst

Interviewed at Houlihan Lokey

4.1★
Jan 16, 2015

At the beginning of the year, you finance 100 million dollars of inventory by taking on 100 million dollars of debt. The debt is amortized 20% at the end of the year and the interest on the debt is 5% cash, 5% paid in kind. At the end of the year you sell your inventory for 200 million dollars in revenue at 100 million dollars in cost. Walk me through how these changes impact the 3 financial statements at both the beginning and end of the year.

Term Loan v RCF? Different types of restructuring options? Causes of distress? Why may two pari tranches of debt trade at different market prices? How does optionality differ across different parts of the capital structure? PIK interest pros/cons? Why restructuring? Why not Buyside?
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Financial Restructuring Summer Analyst

Interviewed at Houlihan Lokey

4.1★
Feb 21, 2024

Term Loan v RCF? Different types of restructuring options? Causes of distress? Why may two pari tranches of debt trade at different market prices? How does optionality differ across different parts of the capital structure? PIK interest pros/cons? Why restructuring? Why not Buyside?

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