Book

The Caesars Palace Coup

Max Frumes, Sujeet Indap

A restructuring fought from the creditor side. Dense, and the best introduction anywhere to covenants, fraudulent conveyance and how a capital structure gets torn apart.

• Credit
• Deals and M&A
• Risk

1 idea from this book

• Case studyCredit

  A capital structure is a set of rights people will litigate over

  In distress, a claim is worth what its documents let it argue for, not where it sits on the slide.

  Restructuring and distressed interviews, credit modelling, and any discussion of covenant-lite lending.