Question: ECF Sweep
Does the ECF sweep typically come before or after amortization? I imagine it would be spelled out in the credit agreement but I wasnt sure if there was a norm to follow for modeling purposes.
Thanks,
Does the ECF sweep typically come before or after amortization? I imagine it would be spelled out in the credit agreement but I wasnt sure if there was a norm to follow for modeling purposes.
Thanks,
| +172 | Evercore > Goldman and I don’t think it’s particularly close anymore | 63 | 1h |
| +152 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 17h |
| +125 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 1d |
| +75 | Santander IB? | 10 | 3d |
| +71 | I hate Wells Fargo | 19 | 19h |
| +51 | No return offer - feeling like a failure is an understatement | 20 | 14h |
| +49 | Think Twice before Recruiting for HOUSTON IB!! | 18 | 2h |
| +47 | How cooked am I as an incoming WF IB SA 2027? | 17 | 10h |
| +43 | WF Return offers | 28 | 2d |
Career Resources
It's after. It is "excess" cash flow, so required amort gets deducted before the calculation of ECF
ECF Sweep is calculated based on FCF After Amortization.
Always after. Amortization is a mandatory repayment and thus comes first.
Quia dolor fugiat doloremque rerum. Et aut ut id reprehenderit. Quibusdam voluptas laudantium delectus dolorem animi. Labore deserunt at quae ut explicabo ut error. Voluptatibus deserunt dignissimos dolorem incidunt laboriosam velit corrupti molestiae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...