Covenant Trends – 12/5/2016
Contact: Steven Miller smiller@covenantreview.com
Contact: Steven Miller smiller@covenantreview.com
LBO Deals: Average Restricted Payments as a Percentage of Initial Capital Contribution.
Contact: Steven Miller smiller@covenantreview.com
RP Builder Basket By Type & Rating, YTD
Builder Basket Trigger, for Loans Using Total Leverage (Average)
Synergies & Cost Savings EBITDA Addback
Industry Average (YTD): Free & Clear Incremental Tranche / EBITDA Contact: Steven Miller smiller@covenantreview.com
Average First Lien Headroom under Debt Incurrence Test Based on Initial PF Leverage, YTD Contact: Steven Miller smiller@covenantreview.com
Contact: Steven Miller smiller@covenantreview.com
Contact: Steven Miller smiller@covenantreview.com