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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 Seminar Series
Seminar Series with Hogan Lovells: Why This Downturn Will Be Different
6 December 2022
16:00–17:00 hrs
Zoom Webinar

Join us and our partners at Hogan Lovells for a discussion on why this downturn will be different.

ESG Disclosure Initiative
Carbon Reporting Workshop for Borrowers
7 December 2022
3pm UKT–4.30pm UKT hrs
Zoom Webinar

ELFA is partnering with Orbis Advisory to run a Carbon Reporting Workshop for Borrowers. This workshop is specifically targeted at SMEs who are closer to the beginning of their environmental disclosure journey.

ELFA ON SOCIAL MEDIA