Covenant Trends – 11/13/2017
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA M&A-Related Deals 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
Avg. Unadjusted Leverage for M&A-Related Loans Contact: Steven Miller smiller@covenantreview
Average Adjustments for EBITDA Reconciliation (M&A-Related Loans) Contact: Steven Miller smiller@covenantreview
Frequency of Loans with Market Capitalization Carveout Based on RP Capacity Contact: Steven Miller smiller@covenantreview