Covenant Trends – 3/23/2020
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Percentage of Loans with MFN Carveouts Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Sponsored vs. Non-Sponsored) Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Average Adjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, Quarterly Contact: Steven Miller
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments Contact: Steven Miller
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller