Fluidstack
Structured Finance, Associate
New York, NY. Posted 2 months ago
The role
The Associate will support financing execution for high-yield bond issuances, senior secured term loans, and project finance facilities. This role involves building transaction models, evaluating capital structures, and supporting external counsel and investor materials.
What you will do
- Support financing execution across high-yield bond issuances, senior secured term loans, and equipment and project finance facilities.
- Manage diligence, track lender and counsel workstreams, and coordinate documentation through close.
- Build, maintain, and audit transaction models including debt sizing, DSCR waterfalls, and multi-scenario sensitivities.
- Review and model credit support, guarantees, and off-take agreements.
- Analyze warrant agreements and equity co-invest structures.
- Evaluate capital structures across HoldCo/OpCo/PropCo, cross-collateralization, and intercreditor arrangements.
- Support external counsel, financial advisors, and counterparty working groups.
- Support investor and lender materials such as investment memos and bond offering documents.
- Partner with development, power, site selection, legal, and technology teams.
Required qualifications
- Worked in leveraged finance, structured credit, or a related capital markets role at a bank, credit fund, or infrastructure sponsor.
- Exposure to deal execution including diligence, documentation, and lender and advisor coordination.
- Ability to build, maintain, and audit transaction models for multi-tranche capital structures.
- Ability to write clearly, drafting organized memos, summaries, and deal-tracking materials.
Nice to have
- Data center, power, or digital infrastructure finance on the debt or equity side.
- Credit agreement mechanics, covenant structures, and high-yield or leveraged loan documentation.
- Credit support structures (guarantees, off-take agreements).
- Warrant agreements and equity co-invest structures.
- SPV structuring or multi-lender intercreditor arrangements.
About the company
Fluidstack aims to deliver 10 to 100s of GWs of compute for AI by acquiring power, designing and building data centers, and operating them.