Course materials
  • All course materials
Welcome to the Project Finance course!
  • About your instructor
  • About the Project Finance Modeling course
  • What is project finance?
  • Model route-map and study materials guide
  • Introduction to the financial model layout and practices
Core project costs and funding in the construction period
  • Funding the construction budget - part 1
  • Funding the construction budget - part 2
  • Quick review: fixed assets, depreciation, & basic financial statements
  • Construction cost overruns and the standby facility
  • Modeling VAT expenses and refunds
  • Funding VAT expenses with a VAT facility
Financing costs during construction
  • Modeling lender fees - part 1
  • Modeling lender fees - part 2
  • Modeling lender fees - part 3
  • Interest during construction
Setting up the operational period
  • Interest rate swaps and interest during operations
  • Quick review: operating cashflows and the cash waterfall
Debt sizing calculations
  • Part 1 - project debt capacity and repayment structuring
  • Part 2 - time varying DSCRs & risk-tiered debt sizing
  • Part 3 - sizing debt to meet multiple scenario criteria
  • Part 4 - building multiple case testing into the model
  • Part 5 - using cash sweep calculations to shorten repayment tenor
Investment performance & contingency funding during operations
  • Lender returns
  • Project ratios and debt repayment performance
  • Distributions to sponsors & equity cures
  • Debt service reserve provisions - part 1 - DSRA
  • Debt service reserve provisions - part 2 - DSRF
  • BONUS