Posts Tagged ‘EBITDA adjustment’
Which EBITDA adjustments do you employ/see most frequently?
Q: Private Equity Investors: Which EBITDA adjustments do you employ most frequently? Q: Direct Lenders: Which EBITDA adjustments do you…
Read MoreFor Private Equity Investors: Which EBITDA Adjustments do you Employ Most Frequently?
Winter Games (Second of Two Parts)
We tend to be a late adopter of cultural phenomena, so our appreciation of curling was understandably delayed. A sport…
Read MoreSpot-lite on Cov-lite (Second of a Series)
News reached us last week that the great mathematician, Monty Hall, passed away at the age of 96. Better known…
Read MoreSpot-lite on Cov-lite (First of a Series)
Our story last week of the hundred-year old fruitcake captured readers’ attention. Tributes to this underappreciated treat poured into the…
Read MoreThe Case for Covenants (Part Three)
At a recent debt conference we did what most of our direct lending colleagues are doing these days: complain. Speaking with…
Read More2017 – A Look Ahead (Third of a Series)
Last week we punctured the myth that the influx of new private debt funds is creating excess demand for the…
Read MoreA Year in Review (Third of a Series)
“How’s your pipeline?” we asked the head of one of the leading middle market arrangers in December. He shook his…
Read MoreDollars and Scents
News reached us over the weekend of a new trend in baseball. Apparently several Chicago Cubs relievers are applying copious…
Read MoreCash Faux
Leveraged lending guidelines have set six times total leverage as the limit above which a loan would likely be criticized…
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