Corporate Funding
About this course
This 1-day course examines the importance of a company having the right capital structure and what considerations management should take into account when about to embark on a funding program. It will assist Finance Professionals and Directors to have a clear understanding of what would constitute the best funding/most appropriate strategies for their company.
More info
Who should attend?
- Finance Directors/Finance Managers
- Corporate and Investment Bankers
- Non-Executive Directors
COURSE OUTLINE
- Overview of a Company’s Capital Structure
- What is meant by Capital Employed
- Cost implications of capital
- Funding Considerations
- Impact on and Importance of Cost of Capital
- Cashflow profile
- Gearing and Leverage
- Share price performance
- Calculating Cost of Capital
- Leveraged Buy Outs (LBOs)
- Private Equity (PE) Principles / Typical PE Capital Structure
- Impact of Debt on Returns
- Measurement of LBO Returns
- Funding Instruments
- Loan Market
- Bridge Loans (Principles, structure)
- Syndicated Loans/Club Loans/ Bilateral Loans (Principles, structure)
- PIK Loans/PIK Toggles: Role and structure in highly leveraged transactions
- Debt Capital Market (Bonds)
- Conventional Bonds (Nature of, Issuing process)
- Reg S / 144A (Difference and why choose either)
- Convertible Bonds (Nature and issuing process
- Equity Capital Market
- IPO’s (Reasons, Process)
- Rights Issues
- Accelerated Book Build (ABB)
- Issue of shares for Cash
- Hybrid Funding Structures
- Nature of, examples of hybrid instruments (Pref Shares)
