debt to EBITDA
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Feb 17, 2020 by Dan Rasmussen · across every show →
Everything said about debt to EBITDA, oldest first
Feb 17, 2020 bearish
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…”