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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
SuperReturn International
4–7 June 2024
09:00–17:00 hrs
InterContinental Hotel Berlin

SuperReturn International returns to Berlin on 4-7 June 2024, the leading gathering in private capital.

ELFA Disclosure & Transparency Committee
ELFA Disclosure & Transparency Teach-In: Restructuring in the UK vs France: Explanation & Comparison
6 June 2024
16:00–17:00 hrs
Zoom Webinar

ELFA’s Disclosure & Transparency Committee is delighted to present a restructuring Teach-In with one of ELFA’s Partners, Akin, to explore the restructuring landscape across the UK and France.

AFME High Yield and Private Debt Forum
18 June 2024
08:00–13:15 hrs
Baker & McKenzie London

This year, AFME is launching its first London High Yield and Private Debt Forum. The forum will bring together the leading names in the High Yield, Leveraged Loan and Private Debt / Direct Lending markets, providing topical and invaluable discussions, and an opportunity to network.