Covenant Trends – 1/16/2017
Percentage of Loans with an MFN Sunset
Percentage of Loans with an MFN Sunset
Percentage of Loans that Cleared the Market with Uncapped Synergies and Cost Savings EBITDA Addback
Average Free-and-Clear Tranche as a Multiple of PF EBITDA
Average Total Leverage (Adjusted vs. Nonadjusted EBITDA)
Contact: Steven Miller smiller@covenantreview.com
LBO Deals: Average Restricted Payments as a Percentage of Initial Capital Contribution.
Contact: Steven Miller smiller@covenantreview.com
RP Builder Basket By Type & Rating, YTD
Builder Basket Trigger, for Loans Using Total Leverage (Average)
Synergies & Cost Savings EBITDA Addback