Plan Distribution: New Debt, New Equity & Implied Recoveries
This lesson is part of the course
In this lesson
You value the new equity created by the plan, hand cash, new debt and equity to each class and work out the recovery each class is implied to receive.
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Lessons in this course
- Liquidation Value: Recovery Rates by Asset Class Locked
- The Claims Stack: Secured, Admin, Priority, Unsecured & Equity Locked
- The Absolute Priority Waterfall with MIN(claim, remaining) Locked
- Recovery % per Class & Pro-Rata Sharing Inside a Class Locked
- Collateral Coverage & Deficiency Claims for Undersecured Lenders Locked
- Reorganisation Value (EBITDA × Multiple) vs Liquidation Locked
- Plan Distribution: New Debt, New Equity & Implied Recoveries Locked
- The Fulcrum Security & Debt-for-Equity Ownership Locked