The high-yield leveraged bond and loan market is now valued at $4+ trillion in North America, Europe, and emerging markets. What-s more the market is in a period of significant growth.
To successfully issue, evaluate, and invest in high-yield debt, financial professionals need credit and bond analysis skills specific to these instruments.
This fully revised and updated edition of A Pragmatist-s Guide to Leveraged Finance is a complete, practical, and expert tutorial and reference book covering all facets of modern leveraged finance analysis.
Long-time professional in the field, Bob Kricheff, explains why conventional analysis techniques are inadequate for leveraged instruments, clearly defines the unique challenges sellers and buyers face, walks step-by-step through deriving essential data for pricing and decision-making, and demonstrates how to apply it.
Using practical examples, sample documents, Excel worksheets, and graphs, Kricheff covers a
