EBITDA Definition
topic on 1 show · 1 statements across 1 episodes
1 statements about EBITDA Definition, every show
Multi-page EBITDA definitions in credit agreements render leverage covenants completely toothless
“You can find the best business in the world, but you can blow the investment on the documentation. Think about a leverage covenant. The definition of EBITDA in a credit agreement is two pages long. If you get that definition wrong, the covenant may be toothles…”