Businesses with loans will often have covenants that are triggered by EBITDA multiples, liquidity ratios or other margin related triggers. COVID-19 looks like it has triggered a new measure called EBITDAC (traditional EBITDA + COVID-19). EBITDAC includes a measure of revenue impact caused by COVID-19. Why would a lender agree to this measure replacing the … Continue reading EBITDAC – To Restructure or Not?