Private Credit Review

Underwriting

Latest research

Cover illustration for “Underwriting EBITDA Adjustments in Sponsor-Backed Deals”

Underwriting

Underwriting EBITDA Adjustments in Sponsor-Backed Deals

Misaligned EBITDA add-backs can cost lenders millions in deal value and covenant cushion.

Reuben Achterberg10 min read

    Underwriting

    View all →
    1. Underwriting EBITDA Adjustments in Sponsor-Backed DealsMisaligned EBITDA add-backs can cost lenders millions in deal value and covenant cushion.Reuben AchterbergSeptember 23, 202610 min read