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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
AFME’s 18th Annual European Leveraged Finance and CLOs Conference
19 October 2023
08:30–18:15 hrs
etc venues, 133 Houndsditch, London UK

For 18 years, AFME’s European Leveraged Finance Conference has brought together the leading names in the European high yield and loan markets to network and debate.

PEI The Responsible Investment Forum: Europe
8–9 November 2023
08:30–18:15 hrs
155 Bishopsgate, London

The longest-running private equity forum focused on bringing together fund managers, institutional investors, and expert advisors to discuss ESG issues across alternative asset classes will return to London on 8-9 November, once again co-hosted with the PRI.

ELFA Annual Conference 2023
14 November 2023
08:00–18:30 hrs
Bloomberg London Headquarters

ELFA is delighted to announce the return of our Annual Conference, co-hosted with Bloomberg, on Tuesday 14 November 2023 in London.

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