Interest Coverage Ratio (ICR)
Measures a company’s ability to cover its interest cost.Typically calculated as the ratio between (A) and (B) where:(A) = Cash Interest Expense; and(B) = EBITDA
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Measures a company’s ability to cover its interest cost.Typically calculated as the ratio between (A) and (B) where:(A) = Cash Interest Expense; and(B) = EBITDA
Detailed marketing document prepared for loan syndication, including details on the borrower, the industry, and financials.
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