Debt Explained launches a new quarterly report focusing on Aggressive Covenant Terms in the High Yield Bond Market. Based upon our exclusive Aggressive Covenant Terms Scores (ACTS), the report drills down into the data on terms.
The report shows that Aggressive Covenant Terms Scores in European High Yield Bonds receded from the highs of Q4 2017 with an average total score of 8.89/26 compared with 9.09/26.
Terms were pushed in EBITDA / Ratio Flexibility and Subordination/Dilution. To read the full report, click here.
Debt Explained, the leading leverage finance data and analysis company, is delighted to announce the launch of its Aggressive Covenant Terms Score service. ACTS will provide clarity and transparency on the strength and weakness of the covenant package of each deal coming to market plus past scores on over 600 deals in a searchable database. To find out more about our Aggressive Covenant Terms Scoring, please click here.