Covenant Trends – 4/8/2024
Percentage of Deals with 75+ bps MFN (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Percentage of Deals with 75+ bps MFN (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Percentage of New Issue First Lien Loans that Cleared with a J. Crew Trapdoor (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Percentage of Deals with 75+ bps MFN (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Average Minimum Day-One Capped Basket Capacity, YoY (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Percentage of First Lien Loans with Affected Lender Voting Protection (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Rolling Tallies of MFN Sunsets (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Synergies & Cost Savings EBITDA Addbacks (Capped vs. Uncapped vs. None Allowed) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Share of New-Issue Institutional Loans with a Pick-Your-Poison Provision by Quarter, PE-Backed vs. All (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com