Covenant Trends – 3/1/2021
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
Percentage of New Issue First Lien Loans that Cleared with a J. Crew Trapdoor Contact: Steven Miller
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, Quarterly Contact: Steven Miller
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Percentage of Loans with Asset Sale Sweep Step-downs Contact: Steven Miller
Percentage of New Issue First Lien Loans that Cleared with a J. Crew Trapdoor Contact: Steven Miller
Average Unadjusted Leverage for M&A-Driven Loan Deals Contact: Steven Miller