Project Finance
Access one of the most extensive project finance online courses available. Learn risk management, the accounting specifics, how to structure the finance behind a project, and build a project finance model.
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3000+ students enrolled
10.5
Hours to Complete
9
Topics
55
Practical exercises
Project Finance includes
- Project finance introduction
- How project finance is different
- Project finance mechanics
- Project finance process
- Project finance contract summary
- Project finance contracts detail
- Eurotunnel case study
- Information memorandum
- Risk taxonomy
- Risk management
- Pre-completion risks
- Post-completion risks
- Risks common to both parties
- Risk reduction summary
- Financing and insurance package
- Understanding debt capacity
- How much can the project borrow
- How much equity does the project need
- Syndicated loan financing
- How many banks in the syndicate
- Syndication strategy
- Financial crisis and the development of club deals
- Fee structures in loan syndication
- Mandated lead arranger
- What has changed in the syndication market
- Return on equity of loan
- Return on equity of two bank loans
- Other financing options
- Project finance accounting
- Cost capitalization
- Profitability to shareholders
- Calculating the IRR
- Calculating the IRR with an exit multiple
- Returns to creditors and problems with the IRR
- Model out a loan
- Model out a bond
- Dividend trap
- Subordinated loan dividend trap
- Cost terminology
- Financing the construction costs
- Sources and uses of funds
- Operational phase
- Unlevered free cash flows
- Amortization methods
- DSCR
- Average life calculation for loan repayments
- Average life
- Coverage ratios
- DSCR and LLCR
- Security
- Covenants
- Covenant breach
- Debt service coverage ratio covenant breach
- Sources and uses of funds
- PP&E
- Soft assets and income statement
- Calculations
- Initial balance sheet
- Cash flow statement
- Debt schedule
- Interest expense
- Returns to equity holders
- Uses of funds
- Sources of funds
- Other assumptions
- Revenues and variable costs
- Depletion of soft costs and PP&E
- Asset retirement obligation – asset
- Asset retirement obligation – liability
- Income statement
- Calcs – operating working capital
- Calcs – Equity
- Balance sheet
- Cash flow preparation
- Cash flow from operations
- Cash flow from investing and financing activities
- Cash flow available for debt service
- Revolving credit facility
- Syndicated loan
- Debt service reserve account
- Non-cash interest
- Wiring up the debt lines
- Interest during the construction phase
- Interest during the operational period
- Returns to equity holders
- Loan life coverage ratio
- Structuring the debt
Project Finance
| skills-certificate
Project Finance
10
Hours
55
Practical exercises
1
Exam
Access one of the most extensive project finance online courses available. Learn risk management, the accounting specifics, how to structure the finance behind a project, and build a project finance model.
Introduction to Project Finance
24 video minutes
0 excel exercises
Video minutes 24
Excel Exercises 0
Risk Management in Project Finance
16 video minutes
0 excel exercises
Video minutes 16
Excel Exercises 0
Financing the Project
45 video minutes
6 excel exercises
Video minutes 45
Excel Exercises 6
Accounting for Project Finance
20 video minutes
5 excel exercises
Video minutes 20
Excel Exercises 5
Project Finance Returns
26 video minutes
6 excel exercises
Video minutes 26
Excel Exercises 6
Structuring the Project
21 video minutes
2 excel exercises
Video minutes 21
Excel Exercises 2
Debt, Coverage Ratios and Covenants
29 video minutes
3 excel exercises
Video minutes 29
Excel Exercises 3
Building a Simple Project Finance Model
27 video minutes
9 excel exercises
Video minutes 27
Excel Exercises 9
Building a Full Project Finance Model
81 video minutes
24 excel exercises
Video minutes 81
Excel Exercises 24
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