Description

In partnership with Drive Innovation Insights Structured financing is used in a wide variety of sectors, such as infrastructure, energy, aeronautics and naval. They require the implementation of specific financial engineering where banks act as arrangers, lenders and providers of hedging products. These structuring techniques are implemented around an SPV in the context of operations with a high degree of debt. They aim for optimal management of borrowers' balance sheets and inherent risks. This training allows you to understand the structured financing environment and familiarize yourself with its main mechanisms and arrangements.

Who is this training for ?

For whom ?

Business engineer and collaborators within companies involved in international calls for tenders. Banking manager managing structured financing operations. Junior business manager for project financing departments.

Prerequisites

Training objectives

Understand the environment and the structured financing market.

Know and know how to structure the different forms of project financing (BOT, PPP, etc.) and assets around an SPV.

Evaluate the main risks and their impact on the cost and financing of the project.

Training program

• Overview of the market for structured financing products
  • The notion of non-recourse or limited recourse financing.
  • Structured financing and debt leverage.
• Project finance
  • Presentation of the fundamentals.
  • The stages of structuring financing and the main partners.
  • The need for an ad hoc structure (SPV): the company project.
  • Evaluate the different types and levels of risks: sharing and allocation of risks between participants; The role of credit insurers and multilaterals in risk management.
  • The notion of Cash Flow Available for Debt Service ('CADS').
• Setting up bank financing
  • Sources of financing for a project (equity, junior/senior debt, mezzanine).
  • The notion of subordination.
  • Project due diligence by the banks.
  • The Term Sheet and the elements linked to the financing contract: the 'cash flow waterfall' mechanisms; the different types of reserves (DSCR, LLR and PLCR).
  • Methods of debt distribution by banks.
  • The cost of project financing.
  • The Inter-Creditor Agreement.
• Focus on the
  • Public Private Partnerships (PPP) The concept of PPP.
  • Presentation of the French regulatory framework for PPP.
  • The different types of PPP: BOT, DBFO.. .
  • Concession and partnership: differences and consequences in terms of liability.