EBITDA definition
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jul 17, 2025 by Ron Cantowitz · across every show →
Everything said about EBITDA definition, oldest first
Jul 17, 2025 negative
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…”