Funding: How Businesses Are Financed
10:25–11:40Funding & Capital
Where does the money come from? This session explains the difference between debt and equity, and what the cost of capital really means for business decisions.
Key Concepts
Session Exercises
Exercise A
Senior Loan Simulator
You need a senior secured facility. Configure your business, set the loan terms, and find out if the bank will lend.
Exercise B
The Hurdle Rate
Your CFO says the deal clears at 8.2%. You have five minutes to decide if you believe the hurdle rate.
Exercise C
The Refinancing
A $1.2bn facility restructure — read the strategic intent, covenants, and implications for M&A.