Feature in the termgrid that specifies in percent how much buffer is offered to the borrower on e.g. EBITDA in the financing case when the Net Leverage Covenant is calculated. Exemplary formula: Net Debt / (EBITDA * (1-Headroom)) = Net Leverage Covenant

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About Leverest

Leverest is a fintech-platform designed to facilitate financing transactions by applying advanced technology. Coming from the industry, we thrive in connecting borrowers (companies & private equity investors) and their advisors with the right lending partners, thus providing a best-in-class financing experience by applying advanced technology and facilitating to superior financing outcomes.