HENRY E. KRAUSE

• Senior lead on the Credit and Capital Team, responsible for structuring, executing, and managing financing solutions required by the capital-intensive Zillow Offers (Ibuying) business
• Built and implemented the financial analysis models used by executive leadership to identify optimal financing solutions and leverage structure in accordance with the operational business needs and deal execution horizon
• Managed a $6 billion debt portfolio comprised of 6 differentiated debt instruments. Delivering accurate and timely internal and external reporting; 2 Securitization's, 1 Swingline Revolving Credit Facility, and 3 Warehouse Credit Facilities
• Onboarded, trained, and managed a team of four to produce the required external reports efficiently; Direct improvements to operating procedures decreased time to fund newly purchased properties(residential real estate), improving capital utilization by an effective 8% LTV across the portfolio (+~$350 million average working capital)
• Devised and executed the Credit and Capital department's corporate development strategy. Developed complex operational procedures and technological tooling solutions needed to obtain access to larger, more diverse sources of capital
  • Direct advisor to Data Science, Machine Learning, and Software Engineering teams in creating a proprietary asset allocation algorithm. Developing the ability to manage a portfolio of differentiated debt instruments within the bounds of their issued risk profiles
• Deal lead analyst responsible for the financial risk modeling and analysis, presentation material, and ad hoc reporting utilized in the marketing, negotiations, and execution of $4.6 billion additional capital availability

Selected Transaction Experience:

• Issuance of $1.2 billion securitization - Transaction origination team lead to joint bookrunners/arrangers Credit Suisse, Goldman Sachs, and Citigroup; ZH Trust 2021-1 & ZH Trust 2021-2 (144a) (Closed August 2021, October 2021)
  • Providing investment merit through modeled DCF stress-test scenario analysis, credit risk profile comparables, and quantitative statistical risk analysis delivered to institutional and credit rating agencies; 6x over subscripted after initial price talks (IPT). Enabling favorable term negotiation, which resulted in a $400 million upsize and a reduction of ~83bps in note rates
• Secured $2.25 billion in additional financing through successful renegotiations of existing warehouse facilities - Delivered scenario analysis stress tests that created the logical emphasis to reduce restrictive covenants that no longer apply under a titling trust structure; Credit Suisse, Citibank, and Goldman Sachs (Closed July 2021-September 2021)
• $500 million bank debt financing - Created the templated borrowing base calculation report compliant with the terms of the Credit Agreement; Utilizing queries (SQL) from disparate databases, VBA/Macro's, and 3rd party API tooling integrations; Goldman Sachs revolving bilateral credit facility (Closed November 2019)

• Managed consolidated treasury services for 2nd largest franchise operator (annual revenues of ~$1.5 billion operating over 1,200 Pizza Huts and 390 Wendy's units). Including covenant compliance, external reporting, and managing relationships with banks/lenders/rating agencies for $800 million of bank debt; comprised of an operating revolver, senior secured debt, and a second lien tranche
• Direct report to Wendy's and Pizza Hut division CFOs, responsible for internal and external corporate consolidated financial reporting (P&L, Balance Sheet, Cash Flow). Developed the consolidated FP&A model (Plan/Forecast | Actual), updated weekly for executive review; establishing near and long-term corporate treasury decisions based on rolling forecast revisions

• Directed the accurate and timely completion of the standard monthly/quarterly/annual financial close process
  • Produced business (KPI) and financial reporting packages for relevant stakeholders' consumption (regional stakeholders, executive committee, board of directors, PE sponsor, and financial institutions)
• Presented a monthly investor summary report to PE sponsor 'Eldridge Industries' advisory team. Providing investor-level insights on NPC consolidated performance; including a pro forma adjusted EBITDA analysis

• Primary responsibility for identifying and communicating market insights and research for executive management; specific expertise in identifying relevant future consumer trends that shape and model strategic effectiveness

• Promoted to serve as the primary business/operations analyst reporting directly to the Chief Operating Officer (COO) to support sales reporting and business operating performance
• Developed primary financial and operational models used for budgeting, raising private equity capital, bank financing, and monthly board presentation reporting

• Utilized Microsoft Power BI to create dynamic operational KPI dashboards. Championed project to migrate various enterprise systems' on-premise databases into a unified cloud-based environment(Microsoft Azure). Streamlined analytical reporting process and increasing reporting integrity; decreased weekly reporting procedures time by 44%