Covenant Trends – 2/1/2021
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Percentage of Loans with Asset Sale Sweep Step-downs Contact: Steven Miller
Percentage of New Issue First Lien Loans that Cleared with a J. Crew Trapdoor Contact: Steven Miller
Average Unadjusted Leverage for M&A-Driven Loan Deals Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
Average Unadjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller