M&A & Debt Advisory
DSCR & LBO Leverage
Stress Tester
Institutional acquisition debt modeling: Senior Term Loans, Mezzanine, 7-year CFADS waterfall, cash sweep deleveraging, and interest rate stress testing per LMA standards.
LBO DEBT CAPACITY & COVENANT STRESS TERMINAL
Debt Service Capacity (DSCR) & LBO Leverage Stress Tester
Modeling of Senior Term Loans (A/B), mezzanine and unitranche financing. 7-year CFADS waterfall, cash sweep deleveraging, bank covenants and interest rate and EBITDA sensitivities per LMA standards.
Initial Leverage3.50x EBITDA
Year 1 DSCR1.07x
Capital Structure Model Profiles (LBO / PE / M&A)
1-Click StandardsOperating Base & Capital Structure
Base EBITDA5.00M €
Senior Debt Leverage (2.50x EBITDA)12.50M €
Mezzanine / Subordinated Debt (1.00x EBITDA)5.00M €
CFADS & Debt Service Waterfall (Year 1)
EBITDA (Operating Cash Flow)+5.00M €
- Reinvestment CapEx-0.50M €
- Income Taxes (Corporate & Trade Tax after Interest)-1.01M €
= CFADS (Cash Flow Available for Debt Service)3.39M €
- Interest Expense (Senior + Mezz)-1.13M €
- Senior Repayment (Scheduled + Sweep)-2.02M €
= Net Cash Flow after Debt Service+0.24M €
Year 1 DSCR: 1.07x · Min. Covenant: 1.20x
Structuring an acquisition or succession financing?
Our M&A and Debt Advisory experts support you with lender outreach, term sheet negotiations, and bankable financial modeling.
Cross references