Tag: capital-structure
Concepts
- Accelerated Share Repurchase Programs
- Accretion/Dilution Analysis
- Agency Costs of Debt and Equity
- Asset Substitution and Risk Shifting
- Buybacks vs Dividends: The Payout Choice
- Capital Allocation Frameworks
- Chapter 11, Chapter 7 and Absolute Priority
- Why Companies Issue Convertible Bonds
- The Credit-Equity Link and the Merton View
- Debt Capacity and Coverage-Based Debt Sizing
- Debt Overhang and Underinvestment
- The Debt vs Equity Financing Decision
- Dividend Irrelevance and Homemade Dividends
- Dividend Signaling and Clientele Effects
- Dutch Auction Self-Tenders
- Direct and Indirect Costs of Financial Distress
- The Fulcrum Security and Loan-to-Own
- The Hamada Equation
- High-Yield Bond Structures and Call Schedules
- Hybrid Capital and Perpetual Securities
- Intercreditor Agreements and Lien Priority
- Valuing the Interest Tax Shield
- Jensen's Free Cash Flow Hypothesis
- Structuring an LBO: Sources and Uses
- The Leverage and Coverage Ratios Lenders Use
- Leveraged Recapitalizations and Special Dividends
- Liability Management Exercises and Creditor-on-Creditor Violence
- Maintenance vs Incurrence Covenants
- Market Timing and Capital Structure
- Mezzanine Debt and PIK Toggles
- Miller's 1977 Model: Personal Taxes and Leverage
- MM Proposition II: Leverage and the Cost of Equity
- Modigliani-Miller and Capital Structure
- Net Debt and What Counts as Debt-Like
- Finding an Optimal Leverage Ratio
- The Pecking Order Theory
- Preferred Equity as a Financing Tool
- Preferred Shares
- Regulatory Capital Tiers
- Restricted Payment Baskets and Covenant Capacity
- Revolving Credit Facilities and Liquidity Backstops
- Second Lien and Unitranche Structures
- Seniority and the Capital Stack
- Signaling Through Financing Choices
- Structural Subordination and Guarantees
- Stub Equity and Negative Stubs
- Target vs Current Capital Structure Weights in WACC
- Term Loan A vs Term Loan B
- The Fulcrum Security and Loan-to-Own
- The Trade-Off Theory of Capital Structure
- Weighted Average Cost of Capital