Covenant Review

Covenant Trends - 6/14/2021

Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x (Past performance is no guarantee of future results.) Contact: Steven Miller

Covenant Trends - 6/7/2021

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

Covenant Trends - 5/31/2021

Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller

Covenant Trends - 5/24/2021

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

Covenant Trends - 5/17/2021

Flex Trends for Reg-Way Loans: Average Degree of Net Spread & Documentation Score Change Between Launch and Close, by Month (Past performance is no guarantee of future results.) Contact: Steven Miller

Covenant Trends - 5/3/2021

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

Covenant Trends - 4/19/2021

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

Covenant Trends - 4/12/2021

Average Minimum Day-One Capped Basket Capacity, YoY (Past performance is no guarantee of future results.) Contact: Steven Miller