Covenant Trends – 7/8/2019
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
Distribution of Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Distribution of MFN Maturity Carveout Horizons Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, Quarterly Contact: Steven Miller
Average EBITDA Adjustment Cap for Synergies & Cost Savings Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
EBITDA Addbacks: Percentage of Loans with Uncapped Synergies & Cost Savings Contact: Steven Miller
Synergies & Cost Savings EBITDA Addbacks Contact: Steven Miller
Click here to download full report DOWNLOAD FULL REPORT Underlying the better Documentation Scores among smaller leveraged loans is a series of tighter covenant terms, as we run down in the tables above. What is Documentation Score?Covenant Review’s Documentation Scores express the strength of an instrument’s covenant protections on a number scale running from 1 […]