- Synthesized macroeconomic, industry, and company fundamental research to recommend not to invest

- Modeled the capital structure to build a recovery waterfall and analyze leverage, coverage, and debt seniority 

- Reviewed covenants to identify basket capacity and structure a potential drop-down LME, analyzing its impact on our recovery

- Projected liquidity runway against the debt maturity schedule to assess refinancing risk and the likelihood of a future restructuring
- Forecasted revenue and cost breakdowns to conduct a DCF and comparable company analysis

My Work

Petco Investment Memo