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// CURRENT ISSUE
ISSUE 01 / 2026-04-28
Pacific Premium Foods
MANUFACTURING·WORKING CAPITAL·★★☆☆☆
FACILITY REQUEST
ExistingNZ$3.5m revolver
RequestedNZ$5.0m revolver
Decision byFriday EOW
A 14-year-old NZ-based specialty food manufacturer is asking for an NZ$1.5m increase to its revolver. Top line is up, EBITDA margin held, but operating cash flow turned negative and the borrowing base has tightened. Read the file. Make the call.
Open the case// FY25 SNAPSHOT
SOURCE: COMPANY-PREPARED · UNAUDITED · COMPOSITE CASE — FICTIONAL
REVENUE
NZ$42m
▼−3.2% YoY
EBITDA
9%
▼−210 bps
OCF
−NZ$0.6m
▼flipped negative
DSO
82d
▲+19d YoY
INVENTORY
NZ$3.8m
▲+34% YoY
FIGURES ROUNDED · FY25 (FYE 2026-01-31) · COMPOSITE CASE — FICTIONAL
// FROM THE BOOK
How Bankers Think
Inside Commercial Banking's Hidden Curriculum
The way commercial bankers actually think — the temperament the interview is really testing, made explicit.
Commercial banking is defined less by technical content — learnable in a year — than by a specific way of looking at the world. Eight chapters and three appendices set out the frameworks senior bankers use and the dispositions they listen for.
BY MICHAEL SHANG · HIGHBANK PRESS
Paperback, ebook, and hardcover · First edition 2026 · ~280 pages
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