• Underwrote numerous credit investment opportunities in various industries including health care, environmental services and energy • Performed qualitative and quantitative due diligence on investment opportunities; diligence included market research, financial modeling, comparable companies analysis, precedent transactions and risk analysis • Selected Underwriting Experience: o Debt Financing of Acquisition of Wastequip by H.I.G. Capital - Responsibilities included leading the due diligence process, performing market research and preparing a relative valuation analysis and financial model; sensitized model outputs and determined that the company would have sufficient value as a going concern even in a downside case - Recommended the deal as a buy due to strong market positioning and significant market consolidation opportunity that reduced principal risko Debt Financing of a Dividend Recapitalization of Prospect Medical - Responsibilities included leading the due diligence of the deal, with a focus on understanding the government programs from which a significant amount of Prospect Medical’s EBITDA was derived - Discovered during diligence that multiple government programs that totaled ~40% of pro forma EBITDA were at risk of losing funding as early as 2019 - Recommended the deal as a pass due to substantial EBITDA add-backs as well as concern regarding the stability of government funding for programs vital to the Companyo Debt Financing of the Acquisition of Curragh Coal Mine by Coronado Coal - Responsibilities included building an operating model and sensitizing pricing scenarios to determine pricing levels at which the proposed capital structure for the combined company would become distressed - Recommended passing on the deal because the proposed capital structure would become distressed under multiple foreseeable pricing scenarios based on historical levels of volatility

• Worked on multiple engagements, including a Chapter 11 restructuring, an out of court restructuring, and FP&A; prepared valuation analyses as well as financial models on behalf of clients • Selected Deal Experience: o Samson Resources Corporation: Financial Advisor to the UCC in Ch. 11 Bankruptcy - Developed operating model to forecast cash flows through bankruptcy; the model evaluated the cash impact of the sale of 6 asset packages to stalking horse bidders and sensitized the company’s projected production levels and operating marginso FP&A for Trailer Company Generating $1 Billion in Revenue - Worked on behalf of a private equity sponsor to build cash flow forecasts and three statement financial models for the company post-acquisition; assisted the client by providing FP&A services and in evaluating strategic opportunities to improve the Company's P&L o Out of Court Restructuring of the $1 Billion Revolver of a Permian Basin E&P Company - Prepared valuation using comparable public company analysis, precedent transactions analysis, and net asset valuation; combined analysis indicated company’s asset base warranted a borrowing base 40% below the company’s proposal to the bank group; this analysis was successfully used in negotiations to lower the borrowing base to $600 million and add additional covenants to mitigate the risk of the bank group

o Built a dynamic cash flow model to assess the value of multi-family development opportunities which included:- A flexible construction and leasing schedule so that the development team could quantify market uncertainty through a variety of scenarios - An adjustable development and hold period: sale of the property could be modeled at any month within a 3-10 year horizon- Dynamic refinancing, which could be triggered at any point before or after stabilization and was subject to market constraints of a max loan-to-cost ratio, max loan-to-value ratio, and a minimum debt service coverage ratio- Sensitivity tables to measure the effects of various market conditions on project IRR, exit sale price, and stabilized yield- A three-tier waterfall analysis for preferred return, general partner return, limited partner return, and preferred return on deferred development fees

o Staffed on live deals with the Industrials, Energy, Healthcare, Diversified Financials, Technology, and Leveraged Finance groupso Received exposure to multiple M&A deals, private placements, an IPO, and a distressed debt restructuringo Built a dynamic discounted cash flow model for a summer analyst-led hypothetical sell-side acquisitiono Developed understanding of middle market business models and financial statements in preparing models and confidential information memorandums for various dealso Performed synergy analysis on potential target companies for buy-side acquisitions