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Being the named expert on complex capital structures in investment banking

$199.00
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A tailored course, built for your situation

Being the named expert on complex capital structures in investment banking

How to become the internal reference point for structuring expertise in your firm

$199 one-time
24-hour access provisioning 30-day money-back guarantee Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.

Who this is for

Investment banking professional working on M&A, recapitalizations, and complex financing mandates where structuring clarity determines deal viability and client confidence

Who this is not for

Analysts looking for modeling templates or junior associates seeking interview prep. This is for experienced practitioners shaping live deals.

What you walk away with

  • Deliver structuring memos that become the default reference for coverage teams
  • Anticipate client and legal constraints by mapping precedents to current mandate parameters
  • Frame complex trade-offs in a way that aligns stakeholders without escalation
  • Build a personal library of instrument rationales and covenant combinations used across sectors
  • Position yourself as the internal expert when new hybrid or liability-layered deals arise

The 12 modules (with all 144 chapters)

Module 1. Defining the structuring mandate
Learn how to extract the real objective behind a capital ask, growth, liability management, control preservation, and align the structure accordingly.
12 chapters in this module
  1. Identifying client intent behind capital requests
  2. Mapping deal drivers to structural outcomes
  3. Aligning with tax and accounting boundaries
  4. When to escalate vs. when to design
  5. Structuring for optionality vs. finality
  6. Balancing lender appetite with sponsor goals
  7. Client-specific constraints as design inputs
  8. How sector norms shape permissible structures
  9. Using past mandates as decision guides
  10. Translating legal concerns into structural choices
  11. Documenting assumptions for team reuse
  12. Setting the scope for internal coordination
Module 2. Precedent mapping and adaptation
Turn past deals into a reusable reference system by extracting instrument logic, not just terms.
12 chapters in this module
  1. Beyond term sheets: finding design intent
  2. Categorizing precedents by economic function
  3. Adapting high-yield structures to private credit
  4. Extracting covenant packages by risk tier
  5. Adjusting for size and leverage differences
  6. Mapping equity kickers across capital stacks
  7. Identifying jurisdictional limitations
  8. Benchmarking subordination language
  9. Reusing amortization patterns
  10. Tracking regulatory exceptions
  11. Indexing by economic outcome, not deal name
  12. Updating precedent libraries quarterly
Module 3. Instrument design fundamentals
Master the building blocks of debt, equity, and hybrid instruments to combine them with intentionality.
12 chapters in this module
  1. Principal protection mechanisms
  2. Interest deferral and PIK triggers
  3. Equity conversion mechanics
  4. Warrant structuring for dilution control
  5. Preferred return waterfalls
  6. Mandatory vs. optional redemption
  7. Change of control put rights
  8. Covenant leverage calculations
  9. Payment-in-kind toggle conditions
  10. Structuring for refinancing readiness
  11. Exit multiple protection clauses
  12. Designing for secondary market appeal
Module 4. Liability layering strategies
Sequence capital tranches to balance cost, flexibility, and control, not just seniority.
12 chapters in this module
  1. Ordering by maturity vs. recourse
  2. Matching asset life to liability profile
  3. Structuring ring-fenced debt pockets
  4. Separating operational vs. investment debt
  5. Layering covenant packages by tranche
  6. Avoiding cross-default cascades
  7. Using holding company debt effectively
  8. Designing intercreditor agreements
  9. Incorporating liquidity headroom
  10. Balancing sponsor dividends with covenants
  11. Sequencing repayment waterfalls
  12. Integrating FX and interest rate risk
Module 5. Covenant design and negotiation
Move beyond standard baskets, engineer covenants that protect value while preserving operational freedom.
12 chapters in this module
  1. Tailoring incurrence vs. maintenance tests
  2. Designing materiality thresholds
  3. Carve-outs for transformational M&A
  4. Investment baskets by strategic intent
  5. Restricted payments with growth exceptions
  6. Leverage ratio step-downs
  7. Asset sale reinvestment windows
  8. Change of control definitions
  9. Negative pledge scope tuning
  10. Guarantee requirements by jurisdiction
  11. Amendments and waiver protocols
  12. Negotiation playbook by lender type
Module 6. Stakeholder alignment techniques
Present complex structures in a way that secures buy-in from legal, tax, and senior leadership.
12 chapters in this module
  1. Translating structural risk to legal teams
  2. Aligning with tax-efficient jurisdictions
  3. Summarizing trade-offs for non-technical leaders
  4. Visualizing capital stack dynamics
  5. Highlighting sponsor control preservation
  6. Anticipating auditor scrutiny points
  7. Preparing responses to due diligence
  8. Framing flexibility as risk management
  9. Communicating refinancing runway
  10. Building consensus on hybrid instruments
  11. Using precedent logic in negotiations
  12. Documenting rationale for future reference
Module 7. Cross-border structuring considerations
Navigate jurisdictional constraints without sacrificing economic efficiency.
12 chapters in this module
  1. Withholding tax mitigation strategies
  2. Thin capitalization rule navigation
  3. Transfer pricing implications
  4. Local debt capacity limits
  5. Enforceability of guarantees
  6. Currency control impacts
  7. Regulatory approval timelines
  8. Local content requirements
  9. Repatriation restrictions
  10. Substance requirements for holding cos
  11. Double tax treaty applications
  12. Structuring for multi-country rollouts
Module 8. Sponsor-specific structuring
Adapt structures to private equity firm preferences, track records, and exit timelines.
12 chapters in this module
  1. Understanding sponsor leverage appetite
  2. Tailoring to preferred exit multiples
  3. Incorporating add-on acquisition plans
  4. Designing for dividend recap potential
  5. Aligning with sector focus
  6. Structuring for platform roll-ups
  7. Balancing control with lender oversight
  8. Exit timing triggers in documentation
  9. Preferred return expectations
  10. Liquidity event definitions
  11. Management rollover integration
  12. Sponsor covenant negotiation patterns
Module 9. Restructuring-aware design
Build capital structures that anticipate stress scenarios without sacrificing current viability.
12 chapters in this module
  1. Incorporating payment holidays
  2. Designing covenant holidays
  3. Liquidity buffers for downturns
  4. Debt service reserve accounts
  5. Amend-and-extend provisions
  6. Default triggers with cure periods
  7. Equity cure mechanisms
  8. Forbearance negotiation prep
  9. Liability management options
  10. Exchange offer readiness
  11. Restructuring support agreements
  12. Preserving enterprise value during stress
Module 10. Hybrid and innovative instruments
Confidently deploy convertible preferreds, income notes, and other non-standard tools when needed.
12 chapters in this module
  1. When to use convertible preferred equity
  2. Mandatory conversion triggers
  3. Paying-in-kind toggle notes
  4. Contingent value rights
  5. Revenue-backed securities
  6. Profit-sharing instruments
  7. Capped call structures
  8. Performance-based resets
  9. Warrants with anti-dilution
  10. Step-up interest notes
  11. Equity clawback provisions
  12. Exit-linked payouts
Module 11. Structuring for exit readiness
Design today’s capital stack with tomorrow’s sale or IPO in mind.
12 chapters in this module
  1. Clean capital structures for IPO
  2. Eliminating sponsor-friendly clauses
  3. Standardizing covenants for public markets
  4. Removing change of control puts
  5. Simplifying intercompany debt
  6. Aligning with rating agency criteria
  7. Preparing for underwriter due diligence
  8. Managing dual-class equity
  9. Exit multiple preservation
  10. Structuring for strategic buyer appeal
  11. Debt tenor alignment with exit horizon
  12. Creating refinance-ready documentation
Module 12. Becoming the internal reference
Establish recognition as the firm’s structuring authority through consistency, clarity, and contribution.
12 chapters in this module
  1. Documenting decisions for team reuse
  2. Creating internal precedent memoranda
  3. Leading training sessions for juniors
  4. Publishing deal summaries with rationale
  5. Indexing structures by economic function
  6. Responding to cross-team inquiries
  7. Maintaining a personal knowledge base
  8. Contributing to firmwide deal reviews
  9. Earning repeat engagement requests
  10. Receiving unsolicited referrals
  11. Being cited in coverage team memos
  12. Shaping firm-level structuring standards

How this maps to your situation

  • When structuring a complex recapitalization
  • Preparing for a cross-border acquisition
  • Designing a hybrid instrument for a sponsor client
  • Leading internal discussions on liability sequencing

Before vs. after

Before
Structuring work is reactive, tied to immediate mandates, and not systematically captured or recognized across teams.
After
You lead with intention, your frameworks are reused firmwide, and your name is associated with structuring clarity on complex deals.

What's included with your purchase

  • 12 modules with 12 chapters each (144 chapters)
  • Downloadable templates and worked examples for every module
  • Hand-built implementation playbook delivered alongside course access
  • 30-day money-back guarantee

Delivery and format

  • Course and learning environment access provisioned within 24 hours of purchase
  • Hand-built implementation playbook delivered alongside course access

Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.

Time investment: Approximately 3-4 hours per module, designed to be completed alongside live deal work.

How this compares to the alternatives

Unlike generic finance courses, this program focuses exclusively on the judgment, precedent adaptation, and communication skills that distinguish senior structuring practitioners. No modeling, just decision architecture.

Frequently asked

Is this course about financial modeling?
No. This course focuses on structural decision-making, precedent logic, and stakeholder communication, not spreadsheet modeling.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help me get promoted?
It’s designed to make your expertise visible and indispensable, which positions you for greater responsibility and recognition.
$199 one-time. Approximately 3-4 hours per module, designed to be completed alongside live deal work..

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.

30-day money-back guarantee· 144 chapters· Hand-built playbook included· Account access within 24 hours
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