Thursday: Rare CPE on Advanced Topics in Debt Valuation


 

  Featuring: Vincent Covrig and Daniel McConaughy Date: Thursday, September 20, 2012 Time: 10:00am-11:40am PT / 1:00pm-2:40pm ET Earn 2 CPE Credits
A sound business valuation incorporates an assessment of the debt that business carries. Approaching this analysis and employing the techniques on debt valuations can be perilous, at best. In "Advanced Topics in Debt Valuation" experts Vincent Covrig and Dan McConaughy will address how debt valuation is performed, applied, misused, misdirected, corrected, and properly implemented. From liquidity and marketability to DCF and WACC, Covrig and McConaughy’s presentation may be one of the most important and far reaching in business valuation this year.

Learn More & Register (or order a training pack)

Attendees will walk away with a clear understanding of:

  • The importance of debt valuation and its far reaching applications and implications
  • How to implement a variety of debt valuation techniques and what each implies
  • How to apply the outputs of debt valuation techniques and what these metrics mean for other aspects of business appraisal and value
  • What distressed debt means for other metrics it effects as well as business value
Agenda
  • Why Value Debt?
  • Where is the risk?
    • Risk in Cost of Debt
    • Risk in Cash Flows
  • Overview of Debt Instruments
    • Bank Loans and Subordinated Debt
    • Convertible
  • Debt Valuation Models and Cost of Debt
  • Credit Analysis
    • Ratio Analysis
    • Synthetic Credit Rating
    • S&P Method
    • Moody's Method
    • RMA
  • Adjustments
    • Liquidity
    • Call/Put Features
    • DLOM
  • WACC
    • Risky Debt
    • Debt, Equity and Asset Betas
  • Distressed Debt
    • Debt, Equity and Asset Volatilities (Merton Model)
    • OPM for Debt


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