medium · Debt Capital Markets bond-instruments-structures
In a standard high-yield Restricted Payments covenant, which of the following is typically credited to the 'Available Amount' or 'Builder Basket' at 100% of its value?
- Proceeds from the sale of principal assets used to repay Senior Secured Debt
- Net cash proceeds from the issuance of Qualified Equity Interests
- EBITDA add-backs for unrealized cost synergies
- Consolidated Net Income (CNI)
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