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Posts by Covenant Review

EBITDA Add-Back Time Horizons for Synergies & Cost Savings

By Covenant Review | January 14, 2026

(Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

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Share of New-Issue First-Lien Loans with Key Covenant Terms

By Covenant Review | January 8, 2026

(Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

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Percentage of Loans with MFN Carveouts

By Covenant Review | December 17, 2025

(Past performance is no guarantee of future results.)

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Average Free-and-Clear Cap (× Pro Forma Adjusted EBITDA)

By Covenant Review | December 3, 2025

(Past performance is no guarantee of future results.)

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Percentage of First Lien Loans with Affected Lender Voting Protection

By Covenant Review | November 19, 2025

(Past performance is no guarantee of future results.)

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Share of Loans with Uncapped EBITDA Add-Backs

By Covenant Review | November 12, 2025

(Past performance is no guarantee of future results.)

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Distribution of MFN Sunset Horizons

By Covenant Review | November 4, 2025

(Past performance is no guarantee of future results.)

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Single-B First-Lien Loan Spreads and Covenant Terms

By Covenant Review | October 29, 2025

(Past performance is no guarantee of future results.)

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Percentage of Loans with Asset Sale Sweep Step-downs

By Covenant Review | October 22, 2025

(Past performance is no guarantee of future results.)

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Average Total Deleveraging Required To Meet RP Ratio Test

By Covenant Review | October 15, 2025

(Past performance is no guarantee of future results.)

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