A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt

Index

A

accounting standards, 52

accreted value

in bankruptcy claims, 225

face value versus, 46-47

in zero coupon bonds, 115-118

in zero-step coupon bonds, 118-119

acquisitions

acquisition by issuer scenario, 180-185

buyout of issuer scenario, 185-189

in free cash flow ratios, 80-81

new issuance analysis in, 218-219

adjusted EBITDA, 53, 219. See also EBITDA

administrative agents, role of, 36, 171

affirmative covenants

in corporate bank loans, 38

defined, 8

in forecasting, 110-111

types of, 163-164

agent banks, role of, 36, 171

AHYDO, 132

“amend and extend,” 175

amendments

to corporate bank loans, 38

waivers versus, 170

amortization

in corporate bank loans, 37, 126

defined, 7

analysis. See leveraged finance analysis

“and” in covenants, 163

annual ...