Leveraged finance, commonly called LevFin, helps companies with relatively high debt levels raise financing. The borrowers may include private equity-backed companies funding leveraged buyouts, or corporations financing acquisitions, refinancings, and other transactions.
The product mix varies by bank and office. A LevFin team may arrange leveraged loans, high-yield bonds, or both, while coordinating with financial sponsors, industry coverage teams, sales and trading, and credit committees. Before interviewing, research how the specific bank organizes these responsibilities.