Covenant Trends – 8/10/2020
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA (M&A-Related) Contact: Steven Miller
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA (M&A-Related) Contact: Steven Miller
Accordion Inside Maturity Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, Quarterly Contact: Steven Miller
Average Unadjusted Leverage for M&A-Driven Loan Deals Contact: Steven Miller
Average Adjusted Leverage for M&A-Driven Loan Deals Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings Contact: Steven Miller
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x (All Deals) Contact: Steven Miller
Percentage of Loans with MFN Carveouts Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings Contact: Steven Miller