Debt Management – Restructuring Strategies And Case Studies

What you'll learn
Foundational Concepts of Debt Restructuring: A comprehensive introduction to the principles of debt restructuring, including why it is essential for businesses
Objectives and Triggers of Debt Restructuring: Understand the key objectives behind restructuring debt and the scenarios that trigger the need to restructure.
Methods of Debt Restructuring: Explore various methods used to restructure debt, including reduction in margins and management restructuring.
Pros and Cons of Debt Restructuring: Analyze the benefits and drawbacks of restructuring debt from both borrower and lender perspectives.
Steps in the Debt Restructuring Process: A step-by-step breakdown of how debt restructuring works, guiding students through the entire process.
Real-World Case Studies: In-depth analysis of famous debt restructuring case studies, such as Essar Steel, Kingfisher Airlines, and Wockhardt.
Financial Viability Parameters: Learn how to assess financial viability through key metrics like Debt Service Coverage Ratio (DSCR).
Illustrations and Practical Examples: Gain hands-on experience by exploring real-life examples of how lenders evaluate debt restructuring proposals.
Requirements
Fundamentals of Finance: Familiarity with basic financial statements (balance sheet, income statement) and key financial metrics.
Business Management or Accounting Knowledge: Some experience or background in business finance, accounting, or corporate management will provide a better context for debt restructuring concepts.
Interest in Corporate Finance or Debt Management: A keen interest in how businesses manage debt and navigate financial challenges will be beneficial.
Description
Introduction:Welcome to the Debt Restructuring Masterclass, a comprehensive course designed to provide you with deep insights into the critical aspects of debt restructuring. This course explores the methods, steps, pros and cons, and financial parameters involved in restructuring debt. You will also gain valuable knowledge through real-life case studies of companies that underwent significant restructuring. By the end of the course, you will have a firm grasp of the strategies and techniques used to effectively manage and restructure debt.Section 1: IntroductionOur journey begins with an introduction to the fundamental concepts of debt restructuring. In Lecture 1, you'll learn about the purpose of restructuring debt and why it is a crucial tool for both companies and financial institutions. Lecture 2 continues this exploration, providing more in-depth analysis and highlighting key elements that drive debt restructuring decisions.Section 2: OverviewIn this section, we focus on the objectives behind debt restructuring. Lecture 3 delves into the core goals, such as improving liquidity and maintaining business continuity. Lecture 4 examines the triggers that compel organizations to consider restructuring, such as declining profits or regulatory pressures, and how restructuring can restore financial stability.Section 3: Methods of Debt RestructuringHere, we uncover various methods utilized in debt restructuring. Lecture 5 introduces you to common techniques like extending debt maturities or converting debt into equity. Lecture 6 builds on these concepts, while Lecture 7 explores more advanced strategies, including reducing margins and making changes to management, to ensure a successful restructuring process.Section 4: Pros and Cons of Debt RestructuringEvery financial strategy has its advantages and disadvantages, and debt restructuring is no exception. Lecture 8 and Lecture 9 highlight the key pros, such as preventing bankruptcy and improving cash flow. On the other hand, Lecture 10 addresses the cons, such as potential harm to credit ratings and the impact on future borrowing.Section 5: Steps of Debt RestructuringUnderstanding the steps involved in debt restructuring is crucial for effective implementation. Lecture 11 outlines a step-by-step guide to debt restructuring, from assessing financial health to negotiating with lenders. In Lecture 12, we continue discussing the essential steps, including legal considerations and stakeholder management.Section 6: Real-Life Case StudiesThis section brings theory into practice with real-life case studies of companies that have undergone debt restructuring. In Lecture 13, we examine the restructuring of Essar Steel, one of India's largest steel producers. Lecture 14 takes a deep dive into the famous case of Kingfisher Airlines, while Lecture 15 covers Wockhardt, a major pharmaceutical company. These case studies will illustrate the impact of restructuring decisions on corporate survival and recovery.Section 7: Financial Viability ParametersTo assess the success of debt restructuring, financial viability metrics are critical. In Lecture 16, we analyze the Debt Service Coverage Ratio (DSCR), a key measure of a company's ability to repay its obligations. Lecture 17 introduces Return on Capital Employed (ROCE), while Lecture 18 focuses on the Internal Rate of Return (IRR) and Cost of Capital (COC). Lecture 19 and Lecture 20 wrap up with discussions on Break-Even Analysis, Gross Profit Margins, and the Loan Life Coverage Ratio (LLCR), essential for evaluating restructuring outcomes.Section 8: Example of IllustrationsIn this final section, we explore how lenders assess restructuring proposals. Lecture 21 outlines the factors considered by lenders during the restructuring process, such as creditworthiness and future growth prospects. Lecture 22 provides illustrative examples to highlight these factors in action. Lastly, Lecture 23 revisits the Corporate Debt Restructuring (CDR) of Kingfisher Airlines, providing a detailed example of how complex restructuring negotiations unfold.Conclusion:In this course, you have explored the complexities of debt restructuring from the ground up. From understanding the foundational principles and methods to analyzing real-world case studies, you now possess the knowledge and tools to engage in effective debt restructuring strategies. Whether you're a financial professional or a business leader, these insights will help you navigate challenging financial landscapes and ensure better decision-making for long-term success.
Overview
Section 1: Introduction
Lecture 1 Introduction to Debt Restructuring
Lecture 2 Introduction to Debt Restructuring Continues
Section 2: Overview
Lecture 3 Objectives of Debt Restructuring
Lecture 4 Trigged Objectives of Debt Restructuring
Section 3: Methods of Debt Restructuring
Lecture 5 Methods of Debt Restruction
Lecture 6 More on Methods of Debt Restruction
Lecture 7 Reduction in Margins and Restructing of Management
Section 4: Pros and Cons of Debt Restructuring
Lecture 8 Pros of Debt Restructuring
Lecture 9 Pros of Debt Restructuring Continues
Lecture 10 Cons of Debt Restructuring
Section 5: Steps of Debt Restructuring
Lecture 11 Steps of Debt Restructuring
Lecture 12 Steps of Debt Restructuring Continues
Section 6: Real Life case Studies
Lecture 13 Case Study of Essar Steel
Lecture 14 Case Study of Kingfisher Airlines
Lecture 15 Case Study of Wockhard
Section 7: Financial Viability Parameters
Lecture 16 Debt Service Coverage Ratio
Lecture 17 Returned on Capital Employed
Lecture 18 Internal Rate of Returns(IRR) and Cost of Capital (COC)
Lecture 19 Break Even Analysis and Gross Profit Margins
Lecture 20 Loan Life Coverage Ratio
Section 8: Example of Illustrations
Lecture 21 Factors Being Considered by Lender
Lecture 22 Example of Illustrations
Lecture 23 CDR of Kingfisher Airlines
Finance and Accounting Professionals: Individuals working in finance, accounting, or corporate management who want to deepen their understanding of debt restructuring and management strategies.,Business Owners and Entrepreneurs: Those running businesses, particularly in financially distressed situations, will benefit from learning how to manage debt and navigate restructuring options effectively.,Investors and Financial Analysts: People involved in evaluating companies for investment or advisory roles will gain insights into how debt restructuring impacts financial health and corporate performance.,Students and Academics: Finance or business students looking to broaden their knowledge of corporate finance and gain practical skills in debt management and restructuring.,Corporate Advisors and Legal Professionals: Consultants, legal experts, and corporate advisors who deal with business turnarounds, restructuring, and financial viability analysis.
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