In this HYH premium only piece, we’re going to talk about how you should lay out making a primary issuance or secondary markets credit memorandum. Alternatively, this can also be used as a framework if you’re recruiting for a public credit seat. This can include seats that cover high yield bonds, leveraged loans, and investment grade bonds. However, I believe parts of this framework are still helpful in fundamentally understanding a company, so it may be a great fit for private equity or public investors. Let’s get into it.

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