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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 Webinar: Introduction to Nature and Biodiversity and the TNFD Framework
4 March 2024
14:00–15:00 hrs
Zoom Webinar

ELFA’s ESG Committee is delighted to partner with Greenlit and Ochre Partners to host a webinar on Biodiversity for all ELFA members.

ELFA Diversity & Inclusion Committee
ELFA D&I Committee: Career Day and CV Workshop
8 March 2024
14.00–17.30 hrs
Online

The ELFA Career Day and CV workshop

SuperReturn Private Credit Europe
11–12 March 2024
09:00–17:00 hrs
Royal Lancaster London

Connecting the leading LPs and GPs in European Private Credit