2 questions reported in Kirkland & Ellis interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
Questions
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Hard
Model builds
Built in the spreadsheet grid
Liquidity runway, fulcrum security, Chapter 11 mechanics and recoveries. 1 question
A core product question for an analyst supporting the first days of a Chapter 11 process.
What is debtor-in-possession financing, and why might a lender provide it to a company already in bankruptcy?
Structuring for downside, collateral, priming risk and recovery. 1 question
A senior special-situations case on valuing a legacy first-lien position after a non-pro-rata transaction has created a new superpriority tranche.
A company has $400m of legacy first-lien debt. A majority group exchanges into $100m of new superpriority debt and provides $25m of cash, leaving non-participating legacy lenders structurally behind…
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with Kirkland & Ellis.