Corporate Funding Strategies

This course has been designed to provide participants with a solid grounding on Corporate Funding theory and principles.

Part 1

This course has been designed to provide participants with a solid grounding on Corporate Funding theory and principles.

• ·  Large Corporate Funding Overview and Capital Structure
     Debt vs Equity
     Secured vs Unsecured
     Short Term vs Long Term funding
     Understanding Cost of Capital and role it plays investment decision making
     The concept of Weighted Average Cost of Capital (WACC) in corporate decision making
  
  
• ·  Different funding mechanisms:
     Call Loans
     Syndicated loans
     Club loans
     Bridge Funding
     Mezzanine Finance
     Pik Loans
     Commercial Paper
     Bonds/Medium Term Notes
  
  
• ·  Introduction to Debt Capital Markets
     What is a bond
     Eurobond definition
     Overview of international bond market
     Investment Grade Bonds
     High Yield Bonds
     Reg S/144a comparison
     Deal size
     Use of proceeds
  
  
• ·  Equity Linked funding
     Rights Issues
     Convertible Bonds
     Initial Public Offering (IPO) 
  
  Part 2
  
  
• ·  Funding alternatives for an M&A transaction / How funding is structured pre- and post-     acquisition for a listed company  
• ·  Leveraged Buy Outs (LBOs)/Management Buy Outs (MBOs)
     Typical funding structure for an LBO / Private Equity principles
     Senior debt vs Junior debt / Pricing considerations
     Funding considerations / Importance of correct debt scheduling/modelling
     
• Dates: 15 May 2020
  
• Time: 09:00 - 17:00
  Cost: R10, 500.00 per delegate ex VAT