AFME ELFA Teach-in Series: Calculating Covenant Capacity in Leveraged Finance Transactions
16:00–17:00 hrs
Zoom Webinar
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.