RFG retail food group limited
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Senior Debt EBITDA Covenant, page-6

  1. persistentone
    1,484 Posts.
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    02/03/18
    19:36
    Post #: 31491979
    Having a debt to EBITDA ratio of 3 is not a going concern issue, that's ridiculous. The going concern issue would depend on the senior debt holders recourse if the covenant is violated.

    The original question - still not addressed in the posts so far - is when the 3xEBITDA covenant is violated, what is the lender's recourse? Is the only recourse to threaten immediate maturity of the debt, or is there a specific set of remedies already specified such as higher rates?
    RFG Price at posting: $2.04 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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