Debt To EBITDA
topic on 1 show · 1 statements across 1 episodes
1 statements about Debt To EBITDA, every show
Private credit funds offer 8x leverage covenant-lite loans to hide defaults
“And they basically start buying market share by offering the riskiest loans. So they're offering unit tranche, eight times debt to EBITDA loans with no covenants, and basically because they don't want to show their LPs that any of their loans have defaulted, T…”