Thomas Cook Chief Financial Officer Paul Hollingworth said the company is talking to its banks about a "substantial cushion" from its existing covenants, which stand at 3.75 times leverage and a 2-to-1 ratio of fixed-charge cover. ❋ Kaveri Niththyananthan (2011)
The company also expects the exchange to improve its interest expense and fixed-charge coverage metrics. ❋ Tess Stynes (2011)
The company said this week its lenders approved a waiver of the so-called fixed-charge coverage ratio covenant on its credit line through the first quarter of 2009. ❋ Unknown (2008)
The company amended its credit facility for the second time Tuesday to "receive relief" on its projected third-quarter leverage ratio and its fixed-charge ratio going forward. ❋ Unknown (2008)
But it must be remembered that by rate of interest I mean the pure rate of interest, that is to say, the rate earned on perpetual fixed-charge securities of the highest class. ❋ Hartley Withers (1908)
-If the company's fixed-charge coverage ratio sustains below 2.5x;
Management uses "Adjusted EBITDA" as a liquidity measure in respect of the fixed-charge coverage ratio and the net senior secured leverage ratio, as defined in our debt agreements.
However, an announcement could be made as early as next week over a refinancing, with an agreement likely to remove the troublesome fixed-charge cover covenant but potentially adding restrictive terms such as a limit on dividends. ❋ Unknown (2011)
"This is a company that still has a lot of access to capital through its banks and will continue to have that as long as it stays in compliance with its fixed-charge coverage covenant." ❋ Unknown (2012)
The 'BBB' IDR takes into account leverage and fixed-charge coverage metrics which are consistent with a 'BBB' IDR.
If availability falls below the greater of 15% of the total commitment and $120 million, the company must maintain a fixed-charge coverage ratio of 1.1x.
-If the company's fixed-charge coverage ratio sustains below 1.5x;
-If the company's fixed-charge coverage ratio sustains above 3.0x for the 12 months ended June 30, 2011, fixed-charge coverage was 2.7x, and coverage was 2.8x pro forma for the September 2011 equity offering;
In addition, REG's pro forma pro rata fixed-charge coverage ratio defined as recurring operating EBITDA less straight-line rents, leasing commissions and tenant and building improvements, divided by total interest incurred and pro forma preferred stock dividends would be 1.9x for the year ended Dec. 31, 2011, unchanged from 2010.
Strong credit metrics include low leverage and strong fixed-charge coverage, which are expected to remain consistent with the 'BBB' ratings.
NNN's fixed-charge coverage ratio (defined as recurring operating EBITDA less recurring capital expenditures and straight-line rents, divided by total interest incurred and preferred stock distributions) was solid at 2.8 times (x) for the 12 months ended Sept. 30, 2011, down slightly from 2.9x for full year 2010.
-If the company's fixed-charge coverage ratio sustains above 2.0x for the 12 months ended June 30, 2011, fixed-charge coverage was 1.6x;
Smithfield's ABL credit facility, that is currently un-drawn, subjects the company to a springing fixed-charge coverage financial covenant.
In connection with the amended credit facility the Company agreed to new financial covenants that are based on a fixed-charge coverage ratio. ❋ Unknown (2010)
