Covenant Trends – 12/31/2018
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA Contact: Steven Miller
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA Contact: Steven Miller
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks (Capped vs. Uncapped vs. None Allowed) Contact: Steven Miller
Distribution of MFN Maturity Carveout Horizons Contact: Steven Miller
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments Contact: Steven Miller
Average Interest Coverage for Loan Deals Contact: Steven Miller
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x Contact: Steven Miller
Average Adjustments for EBITDA Reconciliation as Percentage of PF Adjusted EBITDA (M&A-Driven vs. LBOs) Contact: Steven Miller
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals (% of PF Adjusted EBITDA) Contact: Steven Miller
Average Interest Coverage at Closing for Loan Deals Contact: Steven Miller