Term Sheet Basics: Draw, Interest-Only, Amortisation & Runway Extension (Chart)
This lesson is part of the course
In this lesson
You turn a venture debt term sheet into a monthly debt-service schedule, project cash with and without the loan and measure how many months of runway the debt really buys.
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Lessons in this course
- Term Sheet Basics: Draw, Interest-Only, Amortisation & Runway Extension (Chart) Locked
- Warrant Coverage: From % of the Loan to Number of Warrants Locked
- Effective Cost: Stated Rate vs All-in Cost with Fees Locked
- Lender Returns: Final Payment, Warrant Value & XIRR Locked
- Venture Debt vs Equity: Dilution and Founders' Value at Exit Locked
- Covenants & MAC Risk: Testing a Minimum-Cash Covenant Locked
- RBF vs Venture Debt vs Equity: Which Is Cheapest at Which Exit? (Chart) Locked
- Default & Restructuring: Claim, Recovery Scenarios and Expected Value Locked