Technical Concepts
5 articles
- Leverage Ratios in Private Credit: Debt/EBITDA, Coverage, and What Lenders Look AtLeverage ratios in private credit: 2026 new-issue multiples by tranche, then net and senior leverage, interest coverage and FCCR on one $212.5mm credit.9 Oct 2026
- How to Size Debt in a Private Credit InterviewThe three-constraint framework lenders use to size debt: leverage, coverage and liquidity, with a ready-to-use interview answer.9 Oct 2026
- How to Talk About Working Capital in a Private Credit InterviewHow lenders read DSO, DPO, inventory cycles and seasonal swings to find where cash quietly disappears, and how to say it in an interview.22 Mar 2026
- PIK vs Cash Pay: What the Economics Mean for the LenderHow payment-in-kind interest works, when it protects the lender, when it is a red flag, and how to discuss it in an interview.21 Mar 2026
- Direct Lending vs Syndicated Lending: Key Differences for Interview PrepStructure, documentation and process differences between direct lending and syndicated loans, and why each one matters to the lender.19 Mar 2026