What is a "turn" of leverage/EBITDA
I feel like I've heard a turn of leverage/EBITDA be considered both 0.5x and 1x. For clarity, would saying that an increase from 5x to 7x leverage be considered an increase in 2 turns of leverage?
A turn is 1x. Never heard of .5x being a turn. So yes: 5-7x is 2 addl turns.
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