Covenant Review

Transact Documentation Scorecard and the State of Play for Smaller LBO Loans

By Covenant Review | April 24, 2019

Click here to download full report Though covenant-lite has become standard for even leveraged loans that sit at the high…

Average EBITDA Adjustment Cap for Synergies & Cost Savings

By Covenant Review | April 17, 2019

Contact: Steven Miller

Distribution of Time Horizons for Synergies & Cost Savings EBITDA Addback

By Covenant Review | April 10, 2019

Contact: Steven Miller

Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks

By Covenant Review | April 3, 2019

Contact: Steven Miller

Minimum General Purpose Debt Capacity for M&A-Driven Loan Deals

By Covenant Review | March 27, 2019

Contact: Steven Miller

Credit Stats by Sector (LTM PF Adjusted Leverage)

By Covenant Review | March 21, 2019

Contact: Steven Miller

Percentage of Loans with Asset Sales Sweep Stepdown

By Covenant Review | March 14, 2019

Contact: Steven Miller

Average F&C Tranche / Pro Forma EBITDA

By Covenant Review | March 6, 2019

Contact: Steven Miller

Percentage of Loans with an MFN Sunset

By Covenant Review | February 25, 2019

Contact: Steven Miller

Average Unadjusted Leverage for M&A-Driven Loan Deals (First Lien vs. Total)

By Covenant Review | February 20, 2019

Contact: Steven Miller

Transact Documentation Scorecard and the State of Play for Smaller LBO Loans

Average EBITDA Adjustment Cap for Synergies & Cost Savings

Distribution of Time Horizons for Synergies & Cost Savings EBITDA Addback

Percentage of Loans with Uncapped Synergies & Cost Savings EBITDA Addbacks

Minimum General Purpose Debt Capacity for M&A-Driven Loan Deals

Credit Stats by Sector (LTM PF Adjusted Leverage)

Percentage of Loans with Asset Sales Sweep Stepdown

Average F&C Tranche / Pro Forma EBITDA

Percentage of Loans with an MFN Sunset

Average Unadjusted Leverage for M&A-Driven Loan Deals (First Lien vs. Total)

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