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Private Credit Underwriting Workbook

Build and explain a lending decision from earnings to repayment. Practice original fictional borrower cases covering add-backs, cash interest, PIK, liquidity, covenants, recovery and maturity risk. Includes complete solutions, memo guidance and printable worksheets. Assumes basic financial-statement knowledge.

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Private Credit Underwriting Workbook

Preview 5 real pages before checkout. Full guide is 23 pages.

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A complete worked lesson and answer
Original fictional practice cases

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FROM THE GUIDE

The borrower remains below the illustrative 5.0x leverage limit yet falls below minimum operating cash. Covenant compliance and liquidity sufficiency are separate questions.

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What you get.

23 pages · 5-page sample · Edition 1.0. PDF only; build the exercises in your own spreadsheet. Personalized review and coaching are separate services. This specialist workbook is not included in the seven-guide recruiting bundle.

  • 1. The lender's decision
  • 2. Worked case: reported EBITDA to cash repayment
  • 3. Borrower quality and diligence priorities
  • 4. Earnings adjustments and evidence
  • 5. Debt, floating rates and payment-in-kind interest
  • 6. Working capital and liquidity
  • 7. Downside scenarios that connect
  • 8. Covenants and headroom
  • 9. Capital structure and recovery
  • 10. Writing the credit memo
  • 11. Interview and deal-discussion drills
  • 12. Capstone A: Harbor Industrial Services
  • 13. Capstone A: solution and committee challenge
  • 14. Capstone B: Morrow Software
  • 15. Capstone B: solution and restructuring questions
  • 16. Monitoring after closing
  • 17. Practice plan and worksheets
  • 18. Sources and conventions
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What format is the playbook delivered in?

All playbooks are delivered as downloadable PDF files. You will receive immediate access after purchase via email with a secure download link.

How is this different from free resources online?

Free resources can help, but they are usually scattered. These playbooks organize the same prep work by topic, interview stage, and candidate situation so you can practice instead of collecting notes.

Are updates included?

Yes. When we update a playbook based on new recruiting patterns or feedback, you receive the updated version at no additional cost. Your download link remains active.

Can I share this with others?

Playbooks are licensed for individual use only. Sharing or distributing the materials is not permitted under our terms of use.

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