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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
IMN 10th Annual Investors’ Conference on European CLOs and Leveraged Loans
4 April 2023
09:00–18:00 hrs
Hilton Bankside London

IMN is pleased to announce the 10th Anniversary Edition and Annual Investors’ Conference on European CLOs and Leveraged Loans on 4th April 2023

ELFA Seminar Series
Seminar Series with Latham & Watkins: Sustainable Securitisation and Related Considerations under SFDR
18 April 2023
17:30–20:00 hrs
Latham & Watkins London office

Join us and our partners at Latham & Watkins for a discussion on the development of a market for sustainable securitisation in the UK and Europe, focusing on current and proposed legal and regulatory frameworks as well as an update on the latest market issues related to SFDR funds.

ELFA Seminar Series
Seminar Series with Akin: Restructuring Plans and Chapter 11: A Transatlantic Perspective
27 April 2023
17:00–18:00 hrs
Zoom Webinar

Join us and our partners at Akin for a presentation on restructuring plans and Chapter 11 with a transatlantic perspective.

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