BBP babcock & brown power
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Brantley, I can understand covenants based on actual EBITDA...

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    20/05/09
    00:24
    Post #: 5183404
    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
    BBP Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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