Aenova Holding GmbH
05/31/2023
|
EBITDA Multiple
|
|||||||
---|---|---|---|---|---|---|---|---|
(EUR in Millions)
|
Amount
|
Price
|
Mkt. Val.
|
Maturity
|
Rate
|
Yield
|
Book
|
Market
|
|
||||||||
€50M RCF
|
-
|
|
-
|
|
|
|
||
€565 million first lien term loan B
|
565.0
|
|
565.0
|
Mar-2026
|
EURIBOR + 4.500%
|
|
||
Total Secured Debt
|
565.0
|
565.0
|
4.6x
|
4.6x
|
||||
Financial Leases
|
76.5
|
|
76.5
|
|
|
|
||
Other bank loan
|
5.6
|
|
5.6
|
|
|
|
||
Letters of credit
|
0.2
|
|
0.2
|
|
|
|
||
Total Other debt
|
82.3
|
82.3
|
5.3x
|
5.3x
|
||||
Total Debt
|
647.3
|
647.3
|
5.3x
|
5.3x
|
||||
Less: Cash and Equivalents
|
(11.9)
|
(11.9)
|
||||||
Net Debt
|
635.4
|
635.4
|
5.2x
|
5.2x
|
||||
Operating Metrics
|
||||||||
LTM Revenue
|
769.6
|
|||||||
LTM Reported EBITDA
|
122.5
|
|||||||
|
||||||||
Liquidity
|
||||||||
RCF Commitments
|
50.0
|
|||||||
Less: Letters of Credit
|
(0.2)
|
|||||||
Plus: Cash and Equivalents
|
11.9
|
|||||||
Total Liquidity
|
61.7
|
|||||||
Credit Metrics
|
||||||||
Gross Leverage
|
5.3x
|
|||||||
Net Leverage
|
5.2x
|
|||||||
Notes: Net leverage as calculated by Aenova for covenant purposes based on €134.1M LTM SFA Adjusted EBITDA was 4.1x. |
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