Cents on the Dollar

How distressed debt prices and recoveries are quoted: the amount paid, or recovered, per dollar of face value. A bond bought at 35 that recovers 60 has returned about 71% before the time it takes to get there and the costs of holding it.

Where Cents on the Dollar comes up

Restructuring Interview Questions: Fulcrum, Waterfall & BeyondRX interviews add a layer on top of standard technicals: capital structure under stress. Here is that layer.Read the guide — 8 min

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Credit and restructuring models

Related Restructuring terms

Contractual Subordination Deficiency Claim Absolute Priority Rule Borrowing Base 13-Week Cash Flow Interest Coverage Ratio

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