GREY:WFREF - Post by User
Post by
dowdon Feb 11, 2015 3:01am
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Post# 23416877
LRE Bank debt covenants
LRE Bank debt covenantsThey must keep their 12 month trailing ebitda at or below 3 times bank debt. Has anyone tried to calculate this? It is tricky because of lack of information and timing of aquisitions. I tried to guestimate and they missed by a little but I could be wildly off.
Anyways, I think they get a waiver if needed for the march31 period as they could always monetize their hedges just before march 31 to make it over the line.
But no way do they make the Fall bank debt covenants imo. Anyone have an opinion on this issue?