1-Hour Program

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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 

Credit Details