Covenant Trends – 2/13/2017
Industry Average: Free & Clear Incremental Tranche / EBITDA (LTM)
Industry Average: Free & Clear Incremental Tranche / EBITDA (LTM)
Average First Lien Headroom under Accordion Ratio Debt Contact: Steven Miller smiller@covenantreview
RP Builder Basket By Type & Rating
Contact: Steven Miller smiller@covenantreview.com
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.