Covenant Trends – 1/23/2017
Contact: Steven Miller smiller@covenantreview.com
Contact: Steven Miller smiller@covenantreview.com
Percentage of Loans with an MFN Sunset
Percentage of Loans that Cleared the Market with Uncapped Synergies and Cost Savings EBITDA Addback
Average Free-and-Clear Tranche as a Multiple of PF EBITDA
Average Total Leverage (Adjusted vs. Nonadjusted EBITDA)
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)