Covenant Trends – 4/20/2020
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x Contact: Steven Miller
Percentage of Loans with F&C Tranche Growers Contact: Steven Miller
Accordion Inside Maturity Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Percentage of Loans with MFN Carveouts Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Sponsored vs. Non-Sponsored) Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Average Adjusted Leverage Through F&C for M&A-Driven Loan Deals Contact: Steven Miller