Glossary Category: I

Interest Coverage Ratio (ICR) measures a company’s ability to meet its interest obligations using its operating earnings. It is calculated as EBITDA divided by Interest

Detailed marketing document prepared for loan syndication, including details on the borrower, the industry, and financials. If you would like to learn more about the

Contractual provision in a Credit Agreement or a Bond Indenture governing the details of the information that a borrower or an issuer must provide its

Legal document governing all the terms and conditions of a bond. It is a document drafted after the Description of Notes (included in the Offering

Contractual provision in a Credit Agreement or a Bond Indenture requiring the borrower to comply with a certain pre-agreed threshold only in case of certain

Fee payable to the arrangers of a debt financing, in addition to a set Arrangement Fee (or Base Fee), subject to certain conditions. Incentive Fees