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

The glossary is provided to you solely for your information. Comments or statements made by Leverest, expressed or implied, do not constitute a guarantee of any kind. No reader may rely upon Leverest with respect to the accuracy or completeness of the glossary information.

About Leverest

Leverest is a tech-enabled debt advisory platform connecting investors, lenders and advisors thereby facilitating the debt financing process and digitizing investment banking services. As a marketplace for leveraged finance, Leverest blends market-leading debt expertise with digital tools along the debt process achieving superior financing outcomes and a best-in-class debt process with increased transparency for all parties involved.