Covenant Trends – 12/17/2018
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals 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
Accordion Inside Maturity Contact: Steven Miller