Covenant Trends – 10/8/2018
Accordion Inside Maturity Contact: Steven Miller
Accordion Inside Maturity Contact: Steven Miller
Percentage of Deals with 75+ bps MFN Contact: Steven Miller
Percentage of Loans with F&C Tranche Growers Contact: Steven Miller
EBITDA Addbacks as Percentage of PF Adjusted EBITDA (LTM) Contact: Steven Miller
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored vs Non-Sponsored (YTD) Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks (Capped vs. Uncapped vs. None Allowed) Contact: Steven Miller
Credit Stats by Sector, First Lien vs. Non-First-Lien Leverage Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings Contact: Steven Miller
Percentage of Deals with 75+ bps MFN Contact: Steven Miller
Percentage of Loans with F&C Tranche / Pro Forma Adjusted EBITDA >0.9x Contact: Steven Miller