This class is designed for students in all finance and consulting fields, but with a particular focus on those who want to work in financial management of firms, corporate restructuring, turnaround advising, or fixed income investing. The class is comprised of three main sections. First, we will discuss in detail the role of debt in corporate finance from the perspective of a Chief Financial Officer. Second, we will focus on restructuring of financially distressed companies with a particular focus on Chapter 11 reorganization. This section of the course will view restructuring from both the perspective of both firm management and from investors seeking to buy debt securities and assert control in the bankruptcy process. The third section of the course will focus on fixed income investment using a corporate finance approach. More specifically, we will focus on how macroeconomic conditions and debt structure influence debt prices.
Business 30000, 33001, 41000 (or 41100), 35000, 35200 strongly recommended for success in this class. Non-Booth students, including Dougan Scholars, need faculty permission. Cannot enroll in BUSN 35214 if BUSN 35824 taken previously.
This class will be both lecture and case-based. The main text for the class will be Creating Value through Corporate Restructuring by Stuart Gilson. We will also focus on current events and cases to make the lessons learned in class relevant for those looking to work in restructuring.
Grades will be determined by cases, class participation, a final quiz, and a group final project. No pass/fail grades. No provisional grades. No auditors.
- No pass/fail grades
- No auditors
Description and/or course criteria last updated: June 02 2023
