step-up TRA
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Mar 30, 2023 by Andy Lee · across every show →
Everything said about step-up TRA, oldest first
Mar 30, 2023 bullish
Step-up TRAs can absorb 80% earnings drops without payment cuts
“Where we are more focused on is the step-up TRA, primarily because for many of the names that we are underwriting, they can see almost a 60 to 80% drop in their earnings metrics, might that be an EBITDA-oriented metric, and see no changes to their overall paym…”