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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 17th Annual European Leveraged Finance Conference
20 September 2022
08:30–18:30 hrs
Leonardo Royal Hotel Tower Bridge, London

For 17 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. AFME has recently broadened the programme to cover leveraged loans and reflect the increasing interaction between the European high yield bond and leveraged loan markets.

ELFA Annual Conference: Save the Date – 8th-9th Nov 2022
8–9 November 2022
TBC–TBC hrs
Bloomberg London Headquarters

Join us to explore issues impacting investors in European leveraged finance covering the high yield bond, leveraged loan, CLO and private debt asset classes. More details including how to register to follow in due course.

Responsible Investment Forum: Europe
16–17 November 2022
– hrs
Hilton Tower Bridge, London

The longest-running global event for ESG in private markets, the Responsible Investment Forum: Europe, will bring together 300 attendees in London on 16-17 November.

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