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,
+233 | My chaotic IB journey | 27 | 5h | |
+211 | MS M&A vs GS HC | 48 | 14h | |
+176 | Ending My Life if I don't get an SA 2025 Offer | 63 | 21h | |
+115 | Anyone live in a different country before? What’s it like? | 43 | 17h | |
+72 | Hazing in the Bullpen. What to do? | 15 | 7h | |
+53 | MD shoved food down my throat. Is this normal? | 16 | 19h | |
+39 | Improving in TMT | 11 | 3h | |
+35 | Basically necessary to be a varsity athlete to get BB IB from Bowdoin? | 22 | 1d | |
+34 | Later Chodes - I'm Taking My Talents to The Mega Fund Leagues | 8 | 1d | |
+19 | Too late to be Analyst 1 with 5 years of experience? | 16 | 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.
Quos ullam laudantium blanditiis cumque quibusdam sit. Sapiente esse autem ut saepe ut. Magnam est aperiam sit sed dolorem.
Repellat quidem totam mollitia consequatur. Aperiam error debitis consequatur quas. Voluptatem quaerat quam expedita modi est.
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...