Covenant Trends – 6/29/2020
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x (All Deals) Contact: Steven Miller
Percentage of Loans with MFN Carveouts Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Initial ECF Sweep Distribution Contact: Steven Miller
Percentage of Loans with Asset Sale Sweep Step-downs Contact: Steven Miller
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored v Non-Sponsored (LTM) Contact: Steven Miller
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Average Total Deleveraging Required To Meet RP Ratio Test Contact: Steven Miller