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Advanced Project Finance Structuring

Coverage tests cash available for debt service against scheduled interest and principal.

Your starting point

Corporate Finance and Dealmaking

Can a profitable infrastructure project still miss a debt payment? Project lenders often size or sculpt debt around forecast cash available for debt service. Covenant definitions, reserve accounts and seasonality matter. Test coverage for each debt-service period.

Debt service coverageFoundation · Quick, Deep, ApplySize debt service to a covenantAdvanced · Quick, Deep, ApplyPrerequisite · Build a balance sheet

Use the linked prerequisite and related topics to build your path.