Best Preparation for RX IB Internship Next Summer

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Have a good understanding of the different scenarios that cause a company to become insolvent

Read about past bankruptcies and the in-court and out-of-court processes/ outcomes (amend/extend, reroll)

Understand how debt works (maturities, seniority, debt trading prices) and how that fits into the capital structure

If possible, learn how recovery models work + how to read SEC filings. Bonus points if you know how to use the Bloomberg Terminal.

Wall St. Prep’s free articles + Restructuring Interviews are a good resource, as well as Moyer’s Distressed Debt Analysis (first 4 chapters) and HL’s case study (Buying and Selling the Troubled Company). If you have plenty of free time, read Kricheff’s LevFin book and consider buying WSP’s RX course.

You should mostly prep by having a good time before work starts. I don't understand the rush to piss away your remaining free time.

Skim petition and the news, but if you got the gig, you demonstrated the knowledge they're looking for. They'll teach you the rest.

Currently interning in RX and I think the advice above is good. I will add that by far the most important thing (and I know this is boring) is just being good at PPT and excel. If you can be accurate and relatively fast in those you will be viewed very favorably. PM me if you want more info I am at a shop similar to the ones you described.