Brantley, I can understand covenants based on actual EBITDA (looking good for 2009). However, how would a covenant be defined to be triggered on normalised EBITDA? Is it just a matter of excluding certain items from the calculation. If so, I presume that items that have lifted the EBITDA are also items that would be excluded from the calcs.
thanks for your thoughts...cheers
Brantley, I can understand covenants based on actual EBITDA...
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