Terms before numbers
Agreement definitions, add-backs, caps, calendars, cure mechanics and open terms are captured and confirmed before they enter the calculation.
See the first covenant breach before the certificate is due.
Capture the governing terms, test eight covenants over sixteen quarters and see the first forecast breach in both ratio and EBITDA terms.
US$49 base price · One-time purchase · Desktop Excel required
Applicable taxes are shown at checkout.
For borrower-side CFOs, treasurers, controllers, FP&A teams and advisers.
For quarterly compliance and headroom monitoring.
Use it when you need to monitor debt covenant headroom. Bring borrower financials, covenant definitions and downside assumptions.
Read the full listing on FlevyWhat to know before buying
- Desktop Excel 2019 or Microsoft 365. No macros.
- You supply quarterly actuals and plan; it does not build a three-statement forecast.
- It monitors maintenance covenants, not incurrence tests or baskets.
- Not legal advice: confirm terms against the executed agreement.
What the model does.
Downside testing
Five scenarios cover EBITDA reductions of 10, 20 and 30 percent and base-rate increases of 100 and 200 basis points, showing the first failure by covenant and quarter.
Certificate support
A printable one-page certificate shows clause references and the adjusted EBITDA derivation for review.
What you receive.
Files are delivered through Flevy and stay available in your Flevy download library.
- XLSXThe 17-sheet covenant headroom monitor
- XLSXThe 15-sheet credit agreement terms companion
- GUIDEA 51-page illustrated user manual
- DEMOA complete borrower-side demo
Before you buy.
Desktop Excel
Excel 2019 or Microsoft 365 on desktop. Browser Excel and Google Sheets compatibility are not promised.
Purchase on Flevy
Prices are in US dollars. Flevy handles payment, delivery and purchase support; applicable taxes are shown at checkout.
License and questions
The published license covers up to 10 users at one business location. Questions go to ExpertPro through the author page on Flevy. Purchase terms
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