Covenant Trends – 12/4/2017
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Minimum Debt Basket(s) Capacity Contact: Steven Miller
Percentage of Loans with F&C Growers Contact: Steven Miller
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA M&A-Related Deals Contact: Steven Miller
Percentage of Loans with Maturity or Acquisition-Related MFN Carveouts (2017) Contact: Steven Miller
Percentage of Deals with MFN Dollar-Capped Carveouts Contact: Steven Miller smiller@covenantreview
Average Additional General Purpose Debt Capacity for M&A-Related Loans (2017) Contact: Steven Miller smiller@covenantreview
Percentage of M&A-Related Loans with >6x Closing Total Leverage Contact: Steven Miller smiller@covenantreview
Percentage of Deals with F&C Growers Contact: Steven Miller smiller@covenantreview
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA Contact: Steven Miller smiller@covenantreview