Underwriting EBITDA Adjustments in Sponsor-Backed Deals
Misaligned EBITDA add-backs can cost lenders millions in deal value and covenant cushion.
Simone Kowalski
Reporter
Simone Kowalski is a reporter at Private Credit Review covering underwriting. Based in Cape Town, Simone has written for Private Credit Review since 2019.
1 story · Cape Town
Misaligned EBITDA add-backs can cost lenders millions in deal value and covenant cushion.