Covenant Trends – 2/26/2018
Average F&C Tranche / Pro Forma EBITDA Based on Initial PF Leverage Contact: Steven Miller
Average F&C Tranche / Pro Forma EBITDA Based on Initial PF Leverage Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks (Capped vs. Uncapped vs. None Allowed) Contact: Steven Miller
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Rolling 3-Month Tally of MFN Sunsets (LevFin Insights) Contact: Steven Miller
Percentage of Loans with F&C Tranche Growers Contact: Steven Miller smiller@covenantreview
Average Free-and-Clear Dollar Cap as a Multiple of Pro Forma Adjusted EBITDA Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Average Headroom under Accordion First Lien Ratio Debt Incurrence Test Based on Initial PF Leverage (LTM) Contact: Steven Miller