Covenant Trends – 11/12/2018
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x Contact: Steven Miller
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x Contact: Steven Miller
Average Adjustments for EBITDA Reconciliation as Percentage of PF Adjusted EBITDA (M&A-Driven vs. LBOs) Contact: Steven Miller
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals (% of PF Adjusted EBITDA) Contact: Steven Miller
Average Interest Coverage at Closing for Loan Deals Contact: Steven Miller
Accordion Inside Maturity Contact: Steven Miller
Percentage of Deals with 75+ bps MFN Contact: Steven Miller
Percentage of Loans with F&C Tranche Growers Contact: Steven Miller
EBITDA Addbacks as Percentage of PF Adjusted EBITDA (LTM) Contact: Steven Miller
Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored vs Non-Sponsored (YTD) Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks (Capped vs. Uncapped vs. None Allowed) Contact: Steven Miller