Included courses

Project Finance

5 STARS

Star Rating
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About

Access one of the most extensive project finance online courses available. Learn risk management, the accounting specifics, how to structure the finance behind a project, and build both a simple and advanced project finance model.

Completion time

10.5 Hours

Level

Skills Certificate

About

Access one of the most extensive project finance online courses available. Learn risk management, the accounting specifics, how to structure the finance behind a project, and build both a simple and advanced project finance model.

Completion time

10.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Introduction to Project Finance

24

0

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Video minutes24

Excel Exercises0

  • Project finance introduction
  • How project finance is different
  • Project finance mechanics
  • Project finance process
  • Project finance contract summary
  • Project finance contracts detail
  • Eurotunnel case study
  • Information memorandum

Risk Management in Project Finance

16

0

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Video minutes16

Excel Exercises0

  • Risk taxonomy
  • Risk management
  • Pre-completion risks
  • Post-completion risks
  • Risks common to both parties
  • Risk reduction summary

Financing the Project

45

6

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Video minutes45

Excel Exercises6

  • Financing and insurance package
  • Understanding debt capacity
  • How much can the project borrow
  • How much equity does the project need
  • Syndicated loan financing
  • How many banks in the syndicate
  • Syndication strategy
  • Financial crisis and the development of club deals
  • Fee structures in loan syndication
  • Mandated lead arranger
  • What has changed in the syndication market
  • Return on equity of loan
  • Return on equity of two bank loans
  • Other financing options

Accounting for Project Finance

20

5

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Video minutes20

Excel Exercises5

  • Project finance accounting
  • Cost capitalization

Project Finance Returns

26

6

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Video minutes26

Excel Exercises6

  • Profitability to shareholders
  • Calculating the IRR
  • Calculating the IRR with an exit multiple
  • Returns to creditors and problems with the IRR
  • Model out a loan
  • Model out a bond
  • Dividend trap
  • Subordinated loan dividend trap

Modeling the Project

21

2

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Video minutes21

Excel Exercises2

  • Cost terminology
  • Financing the construction costs
  • Sources and uses of funds
  • Operational phase
  • Unlevered free cash flows

Debt, Coverage Ratios and Covenants

29

3

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Video minutes29

Excel Exercises3

  • Amortization methods
  • DSCR
  • Average life calculation for loan repayments
  • Average life
  • Coverage ratios
  • DSCR and LLCR
  • Security
  • Covenants
  • Covenant breach
  • Debt service coverage ratio covenant breach

Building a Simple Project Finance Model

27

9

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Video minutes27

Excel Exercises9

  • Sources and uses of funds
  • PP&E
  • Soft assets and income statement
  • Calculations
  • Initial balance sheet
  • Cash flow statement
  • Debt schedule
  • Interest expense
  • Returns to equity holders

Building a Full Project Finance Model

81

24

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Video minutes81

Excel Exercises24

  • Uses of funds
  • Sources of funds
  • Other assumptions
  • Revenues and variable costs
  • Depletion of soft costs and PP&E
  • Asset retirement obligation – asset
  •  Asset retirement obligation – liability
  • Income statement
  • Calcs – operating working capital
  • Calcs – Equity
  • Balance sheet
  • Cash flow preparation
  • Cash flow from operations
  • Cash flow from investing and financing activities
  • Cash flow available for debt service
  • Revolving credit facility
  • Syndicated loan
  • Debt service reserve account
  • Non-cash interest
  • Wiring up the debt lines
  • Interest during the construction phase
  • Interest during the operational period
  • Returns to equity holders
  • Loan life coverage ratio
  • Structuring the debt

From Skills Certificate to Recognized Micro-Degree

Upgrade your résumé with the same certification we use at the world’s top 4 investment banks.

Pass the exam and demonstrate your new project finance capabilities on LinkedIn with the Project Finance Skills Certificate.

Take the next step, challenge yourself to join the best project financiers by earning a project finance micro-degree recognized on Wall St.

Frequently Asked Questions

What tech do I need?

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Access your course across desktop, laptop, tablet or phone; either via our web portal or the dedicated mobile app. While we have optimized our video quality and size, we recommend a broadband connection to enable uninterrupted video playback. A PDF reader and spreadsheet application are required to open the supporting resources.

Is it right for me?

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Project Finance requires a fundamental understanding of financial accounting and financial modeling (available via The Accountant and Modeler). Learn the theory of project finance, including risk management, financing methods, accounting, modeling and calculating returns. Put the theory into practice by building a simple and advanced project model.

Are Financial Edge's courses credible?

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The 4 leading investment banks, as rated by the FT, hire us to train their incoming analysts. If you are looking to join the best analysts in the world, why not challenge yourself with the same content and certification with the same Wall Street instructors ready to answer your questions.

Will this course help me get a job in project finance

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Absolutely. Develop practical skills you can use to impress at interviews, whether you’re looking to break into project finance or change roles.

How long do I have to complete the courses?

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We are delighted to announce that we now offer lifetime access on all online courses! Fit studying around your schedule. Learn at your own pace with on-demand video, practical examples to download and expert instructor support.

Are there any hidden costs?

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No. Everything you need to earn your skill certificate is included, from instructor-led videos and Excel exercises to the exam.

How do I join Financial Edge's alumni?

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Join our world-class alumni on LinkedIn by upgrading your skill certification to any one of our micro-degree’s. To unlock all alumni benefits, you will need to verify you have successfully passed all courses within the online program.

Want to Join Our Prestigious Alumni?

JOIN THE BEST

By completing any one of our micro-degree’s, you will be able to join our prestigious alumni on LinkedIn alongside hires at the top 4 investment banks. After becoming a member of this elite community, you can unlock exclusive benefits such as course discounts and more.

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