France Épargne Corporate
Corporate financing calculators
Calculators
Corporate debt
Which financing structure for a company
Leverage after the transaction, ECB thresholds and the structures to consider among syndicated loans, Euro PP, unitranche, mezzanine and asset-based financing.
Open the structure selectorDebt capacity of a company
Total sustainable debt under three methods: EBITDA multiple, debt service coverage and the ECB repayment benchmark.
Calculate debt capacityAll-in cost of a bank loan and of private debt
Interest, floor, arrangement fee or OID, prepayment penalty and annualised all-in cost of two debt offers.
Compare the cost of two offersCovenant headroom
Tolerated EBITDA decline, debt headroom, first breach and equity cure over four test dates.
Calculate covenant headroomBorrowing base of an ABL facility
Eligible receivables, concentration, advance rates on receivables and inventory, reserves and availability of an asset-based lending facility.
Calculate the borrowing baseSources and uses of an acquisition or LBO
Equity required, structure as a percentage and as an EBITDA multiple, DSCR over five years.
Build the sources and uses tableUnitranche or senior and mezzanine debt
Blended coupon, annualised all-in cost, debt service by year and leverage of a unitranche and of senior debt combined with mezzanine.
Compare the two structuresCorporate DSCR and maximum debt
DSCR year by year and maximum debt at a target DSCR, under three definitions of the numerator.
Calculate the DSCRRefinancing breakeven
Net gain of a refinancing after the prepayment fee, arrangement fee and hedge breakage cost, and the breakeven year.
Calculate the breakevenPGE exit
Repayment at maturity, restructuring through the Médiation du crédit or refinancing: cash requirement and leverage of each route.
Compare the exit routesDebt raising timeline
The phases of a debt raise, counted back from the target closing date, from preparation to closing.
Build the timelineTerm sheet comparison
Two or three term sheets line by line: all-in cost, prepayment protection and headroom on the leverage covenant.
Compare term sheetsPIK interest and toggle option
Principal by year, amount due at maturity and extra cost of capitalised interest compared with a cash-paid coupon.
Calculate PIK interestBullet, amortising or cash sweep debt
Cumulative interest, amount to refinance at maturity and average life of three repayment profiles.
Compare the repayment schedulesCost of a revolving credit facility (RCF)
Annual cost on drawn and undrawn amounts and cost per euro used of an RCF.
Calculate the cost of the facilityPro forma leverage of a build-up
Leverage after each acquisition, debt headroom under the covenant and the acquisition at which the covenant blocks.
Calculate pro forma leverageFactoring, ABL or receivables securitisation
Amount financed, annual cost and balance sheet effect of factoring, an ABL facility and a receivables securitisation.
Compare the three financingsARR-based debt
Debt range on annual recurring revenue, cash runway with and without debt, interest cost.
Estimate debt on ARRDebt or equity
Dilution avoided, total cost of the debt and value kept by existing shareholders at the chosen horizon.
Compare debt and equity
Contact