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Overview
This One-Hour Briefing will provide a brief overview of financial covenants in loan agreements. Please join Scott B. Selinger and Ramya S. Tiller of Debevoise & Plimpton LLP as they discuss:
- Financial Covenants in Loan Agreements
- Types of Financial Covenants (Incurrence vs. Maintenance)
- Financial Covenants in Different Types of Financings (Term Loans, Bonds, Cash Flow Revolver and ABL)
- Key Definitions
- GAAP
- Consolidated Net Income
- Consolidated EBITDA
- Fixed Charges
- Consolidated Total Debt
- Pro Forma Basis
- Recent trends in financing agreements relating to EBITDA add-backs and incurrence tests
Program Level: Overview
Intended Audience: In-house counsel, outside attorneys, board members, corporate officers, accountants and other allied financial professionals responsible for the preparation and drafting of loan agreements and other financing documentation
Prerequisites: None
Advanced Preparation: None