Introducing High Yield Ltd

Rational for an LBO

Enterprise Value

Capital Structure - Pre LBO

Capital Structure - Post LBO

Capital Structure - Post LBO cont

Unit 4A Glossary

Unit 4A Quiz

Security

Covenants

Baskets and Definitions

Subordination

Unit 4B Glossary

Unit 4B Quiz

Secured Debt

Leveraged Loans

HYL’s Secured Debt

Borrowing Base Loans

HYL’s Unsecured Debt

Mezzanine Loans and Warrants

Intercreditor Agreement

Payment In Kind (PIK) Bonds

Equity

Unit 4C Glossary

Unit 4C Quiz

Covenants - Restricted Payments

Covenants - Limitation on Indebtedness

Covenants - Asset Sales

Covenants - Change of Control

Covenants - Limitation of Liens

Unit 4D Glossary

Unit 4D Quiz