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What is senior debt leverage ratio?
What is a leverage ratio?
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Apr 13, 2024 · From 2021 to the end of 2025, the total leverage ratio increases from 4.0x to 4.8x, the senior ratio increases from 3.0x to 3.6x, and the net debt ratio increases from 3.0x to 4.5x. By the end of Year 5, the net debt-to-EBITDA ratio is marginally lower than the total debt-to-EBITDA ratio due to the diminished cash balance.
Apr 17, 2024 · Covenants: The lenders that underwrite the debt financing can place restrictions that set parameters that the borrower must abide by, such as a maximum leverage ratio (i.e. Total Debt / EBITDA), or prohibit certain actions to reduce the risk of capital loss.
Senior Debt Leverage Ratio means, on any date, the ratio of (a) Total Debt (other than Subordinated Indebtedness) as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.
Oct 25, 2023 · The debt-to-capital ratio measures a company’s leverage by assessing how much debt the company has versus how much total capital it has. It is determined by...
The most obvious is the Total Leverage Ratio, which limits the amount of funded debt as a multiple of EBITDA. The remedies available to the senior lender in the event that this covenant is breached can potentially put all subordinated capital (which in this example includes both the subordinated debt and equity) at risk.
Jun 27, 2020 · The net debt-to- EBITDA (earnings before interest depreciation and amortization) ratio is a measurement of leverage, calculated as a company's interest-bearing liabilities minus...
