Covenant Review

Covenant Trends - 12/1/2025

Average Free-and-Clear Dollar Cap as a Multiple of Pro Forma Adjusted EBITDA (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 11/17/2025

Percentage of First Lien Loans with Affected Lender Voting Protection (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 11/10/2025

Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 11/3/2025

Distribution of MFN Sunset Horizons (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 10/27/2025

Average New-Issue Clearing Spreads (Single B) and Covenant Terms for All First-Lien Institutional Loans (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 10/20/2025

Percentage of Loans with Asset Sale Sweep Step-downs (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 10/13/2025

Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 10/6/2025

Average EBITDA Adjustment Cap for Synergies & Cost Savings (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 9/29/2025

Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Covenant Trends - 9/22/2025

Accordion Inside Maturity (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com