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Double Dip Debt


"Forty percent of all leveraged loans issued in Europe in the first half of 2017 had so-called EBITDA grower baskets, which enable a company to borrow more debt on top of pre-agreed limits, linked to its EBITDA. About 65 percent of those allowed the borrower to take on an additional 100 percent or more of the issuer's EBITDA, according to data provided by consultancy Debt Explained."

Read the full article outlining the growth in incremental debt on Breaking Views https://www.breakingviews.com/considered-view/private-equity-gets-a-double-dip-on-debt/

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