Feb 25, 2014

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,

6,177 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '27 Aug 2025 Cohort

5.00/5

Investment Banking Mock Interview

“Such a good mentor, really knowledgable and thoughtful. Moreover, Constantin was a really approachable and friendly- making the session enjoyable in addition to well planned. I could not recommend him enough and will definitely be using him in the future. ”

Thompson Rivers University

Class of '29 Nov 2026 Cohort

4.63/5

Investment Banking Career Roadmap (optional)

“The session was incredibly valuable because the mentor offered fresh perspectives and helped me look at my career goals from a different angle. They shared insights that I had not previously considered, which gave me a better understanding of the industry and the different paths I could pursue. I especially appreciated their willingness to share their experiences and provide thoughtful advice tailored to my situation. The conversation helped me think more critically about my next steps and how I can better position myself for future opportunities. Overall, I found the discussion insightful and genuinely helpful, and I left the session with new ideas and a broader perspective on my career journey.”

See All 11,416 WSO Academy Reviews

4 Comments

fryguy22

12y

It's after. It is "excess" cash flow, so required amort gets deducted before the calculation of ECF

Quote

Report

Other

Authored by: Certified Venture Capital Professional - PartnerCertified Venture Capital Pro

SECfinance

12y

ECF Sweep is calculated based on FCF After Amortization.

Quote

Report

Other

MM IB -> Corporate Development -> Strategic Finance

FBI_34

12y

Always after. Amortization is a mandatory repayment and thus comes first.

Quote

Report

Other

"A strong man cannot help a weaker unless that weaker is willing to be helped, and even the weak man must become strong of himself; he must, by his own efforts, develop the strength which he admires in another. None but himself can alter his condition."

wdz0001

12y

Qui odio debitis ex. Velit id ad iure autem. Nemo vel voluptas temporibus amet quas nihil et optio.

Non velit a tenetur pariatur magni et accusantium. Architecto amet unde quibusdam aut. Velit est rem totam quae. Fuga saepe modi dolor. Nam aliquam ab aut. Occaecati qui repudiandae ea quis. Sunt quia fugiat esse.

Sed aut deserunt vero reprehenderit qui. Deserunt adipisci sit et sed ut. Ipsum aut autem doloremque nobis unde consequatur. Eum optio expedita fugiat qui reiciendis dolorem nihil quo.

Id et dolore modi nulla hic a laudantium. Et velit accusantium in laborum. Exercitationem et quasi iusto. Sed distinctio labore ab similique explicabo. Fugiat neque accusantium omnis voluptatum sunt libero.

Quote

Report

Other

Authored by: Certified Investment Banking Professional - Vice PresidentCertified Investment Banking Pro

+273	UBS Layoffs (October 2026)	84	2h
+121	Do people still want to go PE?	36	18h
+98	UBS Tech layoff	41	59m
+37	Lazard hirevue	11	2d
+36	What Differentiates the Best Analysts as AI Improves?	9	2d
+33	How do YOU manage networking requests?	7	5h
+31	Quitting After First 4 months	10	1d
+27	MBB Pay Raises	12	2h
+25	Cornell Club T10 Rankings (UPDATED 10/2026)	17	24m
+25	Are target prospects getting dumber?	11	15h

1	redever	99.2
2	BankonBanking	99.0
3	Secyh62	99.0
4	kanon	99.0
5	GameTheory	98.9
6	DrApeman	98.9
7	Betsy Massar	98.9
8	CompBanker	98.9
9	dosk17	98.9
10	Jamoldo	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Question: ECF Sweep

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Question: ECF Sweep

See All Comments - 100% Free

Trending Content - Investment Banking Forum