Debt - Publications - Faculty & Research

21 Jan 2015
Lessons from the Classroom

Managing the Family Business: Market Basket’s Lessons About Buyouts

Mike-Arthur T. Demoulas branch bought out their cousins with the help of outside investors. The company also took on significant new debt to fund the buyout. Why Aren't There More Buyouts? The Market Basket buyout should have happened 20... View Details

Keywords: Retail

January 2011 (Revised December 2017)
Case

Tombstones

By: Timothy A. Luehrman and David Lane

This case consists primarily of excerpts from term sheets and prospectuses for six securities offerings made by US companies during 2009-2010, just after the financial crisis and recession of 2008-09. There are three issues of senior unsecured notes, one floating rate... View Details

Keywords: Financial Crisis; Equity; Debt Securities; Bonds; Motivation and Incentives; United States

Citation

Educators

Purchase

03 Oct 2013
Research & Ideas

Lehman Brothers Plus Five: Have We Learned from Our Mistakes?

short-term debt financing, an attractive source of funding in good times but an accelerant of financial crises when things go bad. And we're getting closer to adopting a "resolution regime" that could enable regulators to wind... View Details

Keywords: Re: Multiple Faculty; Banking; Financial Services; Construction; Real Estate

April 2012 (Revised August 2013)
Teaching Note

Parmalat Uruguay (A) & (B)

By: Paul W. Marshall and Jim Sharpe

This teaching note is for cases Parmalat Urguguay A & B. View Details

Keywords: Mergers and Acquisitions; Restructuring; Entrepreneurship; Borrowing and Debt; Negotiation; Performance Improvement; Financial Services Industry; Uruguay

Citation

Purchase

Web

Private companies: fast growing | Baker Library

Best Small Companies) Fortune Rankings (ex: 100 Fastest Growing Companies ) Inc. 5000 FormDs.com Nearly all startups and investment firms file Form Ds with the SEC when they raise money. Form D filings contain: amount of money raised, equity or View Details

spring 2006
Article

All's Fair in Love, War, & Bankruptcy: Corporate Governance Implications of CEO Turnover in Financial Distress

By: Ethan S. Bernstein

Prior discussions of management turnover during financial distress have examined bankrupt and non-bankrupt firms as distinct groupings with little overlap. Separately investigating rates of turnover in-bankruptcy and out-of-bankruptcy, without a direct comparison... View Details

Keywords: CEO Turnover; Bankruptcy; Restructuring; Shadow Of Bankruptcy; Borrowing and Debt; Credit; Financing and Loans; Corporate Governance; Finance; Theory; Markets; United States

Citation

Find at Harvard

March 1998 (Revised August 1999)
Case

Band of Angels, The

"The Band of Angels" is a well-organized but independent group of wealthy entrepreneurs. This case details the principles and processes used by the band and offers two perspectives from entrepreneurs who have been financed. View Details

Keywords: Business Startups; Entrepreneurship; Borrowing and Debt; Venture Capital; Perspective

Citation

Educators

Purchase

March 2011
Article

Institutional Demand Pressure and the Cost of Corporate Loans

By: Victoria Ivashina and Zheng Sun

Between 2001 and 2007, annual institutional funding in highly leveraged loans went up from $32 billion to $426 billion, accounting for nearly 70% of the jump in total syndicated loan issuance over the same period. Did the inflow of institutional funding in the... View Details

Keywords: Leveraged Buyouts; Financial Crisis; Credit; Debt Securities; Financing and Loans; Interest Rates; Investment

Citation

SSRN

Find at Harvard

June 2009 (Revised November 2020)
Case

Busse Place

By: Arthur I Segel, William J. Poorvu, Richard Kessler, Justin Seth Ginsburgh and Eric Fleiss

Busse Corporate Center's largest tenant recently declared bankruptcy, leaving the building 38% occupied and significantly overleveraged. In a depressed suburban Chicago office market, Hannah Sanchez, the leasing agent, has to negotiate lease proposals with three... View Details

Keywords: Buildings and Facilities; Restructuring; Borrowing and Debt; Financial Management; Mortgages; Investment; Leasing; Property; Real Estate Industry; Chicago

Citation

Educators

Purchase

03 Jun 2014
First Look

First Look: June 3

educational products to primary and secondary schools in the United States. The company planned to file Chapter 11 in order to address its excessive debt load but needed to arrange debtor in possession financing to provide liquidity while... View Details

Keywords: Sean Silverthorne

Web

Real Property - Course Catalog

select public infrastructure (e.g., power, water, and transit), highlighting how they compare with core Real Estate asset classes in terms of risk, opportunity, and investor interest. Module 3: Capital Markets Focuses on sources of real estate capital, including public... View Details

01 Sep 2009
News

From Bytes to Bites

restaurants’ finances and operations. “It’s been extremely stressful since December,” she admits. Debt and loan management, meetings with her seven-person senior management team, profit and loss reports, marketing plans, management... View Details

Keywords: Julia Hanna; Food Services and Drinking Places; Hospitality; Management of Companies and Enterprises; Management

21 Oct 2013
News

Moving the Needle

private debt and equity options. That position took her on a trip to Kenya this summer to search for investment opportunities—including microfinance, sustainable agriculture, clean cook stoves, and urban sanitation—viewing them through a... View Details

Keywords: Jill Radsken; Securities, Commodities, and Other Financial Investments; Finance

10 Jan 2005
Research & Ideas

Professors Introduce Valuation Software

to see how off-balance sheet debt affects the company's performance, they can easily adjust the financials for that affect. If they want to see how expensing stock options would affect the company's performance, they can add that... View Details

Keywords: by Sean Silverthorne

Web

Bringing a Taste of Japan to the World - Global Activities 2020

we can make this work. ” Yasu Sasago MBA 2020 Alleviating Debt Concerns Sasago studied commerce at Waseda University in Tokyo and the University of Sydney in Australia prior to attending HBS. His ability to pursue a graduate school... View Details

01 Dec 2013
News

Case Study: Citizen Buffett

throughout the industry. By the end of 2011, Media General, which also owned interests in TV broadcasting and digital media, was carrying high levels of debt despite deep workforce and capital expenditure cuts. It was a situation that led... View Details

Keywords: Blagg, Deborah; Publishing Industries (except Internet); Information

08 Jul 2008
First Look

First Look: July 8, 2008

http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=208088 Collateralized Debt Obligations (CDOs) Harvard Business School Note 208-113 This lesson integrated Merton's (1974) contingent claims model of View Details

Keywords: Martha Lagace

05 Oct 2010
First Look

First Look: October 5, 2010

and recovery to be associated with increases in orders from Hugo Boss's retailer customers Download the paper: http://www.hbs.edu/research/pdf/11-034.pdf A Comparative-Advantage Approach to Government Debt Maturity Authors:Robin... View Details

Keywords: Sean Silverthorne

11 Aug 2009
First Look

First Look: August 11, 2009

dangerous. Overall, they offer wise suggestions for making CBA more effective, rather than eliminating CBA as a decision-making tool. A Gap-Filling Theory of Corporate Debt Maturity Choice Authors:Robin Greenwood, Samuel Hanson, and... View Details

Keywords: Martha Lagace