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Events

UPCOMING EVENT
19 May 2022
16:00–17:00 hrs
Zoom Webinar

AFME ELFA Teach-in Series: Calculating Covenant Capacity in Leveraged Finance Transactions

Matching covenant definitions with financial statement line items is technical and often confusing. Join us for a teach-in on the mechanics behind calculating covenant capacity in high yield bonds and leveraged loans.  We will consider the practical aspects of determining amounts of baskets through calculation of key metrics and exploration of calculation mechanic flexibilities.

The seminar will cover the following topics:

  • Are Covenant EBITDA and “adjusted EBITDA” close cousins?
  • How are gross and net “Indebtedness” determined for covenant calculation purposes?
  • What impact can IFRS 16 provisions have on the debt figure?
  • How to estimate “Consolidated Net Income” using company financial statements
  • How do provisions like “Designated Commitments” and “Financial Calculations” covenants work?

 

Open to ELFA Members – see email invitation to register.

UPCOMING EVENTS
ELFA Engagement & Compliance Committee
ELFA Engagement & Compliance Committee Teach In: FCA’s Non Financial Misconduct Rules: What the Framework Means in Practice
26 August 2026
16:00–17:00 hrs
Zoom Webinar

ELFA's Engagement and Compliance Committee is delighted to present a Teach-In webinar with our partners at Akin examining the FCA's framework on non-financial misconduct and what it means for firms and their people.

ELFA Restructuring Committee
ELFA Corporate Actions and Restructuring Roundtable
23 September 2026
15:00–17:30 CET hrs
Wenger Plattner Zurich Office

ELFA is delighted to be holding our first member event in Switzerland this September - an in-person Corporate Actions and Restructuring Roundtable, kindly hosted by Wenger Plattner, in collaboration with our partners at Akin and Houlihan Lokey.

ELFA Seminar Series
ELFA Seminar Series with Milbank: Enforcement Regimes in LME Transactions — Comparison of Luxembourg, UK and the Netherlands
1 October 2026
15:00–16:00 hrs
Zoom webinar

ELFA is delighted to update all members that our rescheduled Seminar Series webinar with Milbank on the differences between jurisdiction enforcement regimes, including Luxembourg, UK and the Netherlands, will now take place on Thursday 1st October at 3-4pm BST.