... a 4.5 x Debt / EBITDA
pro forma leverage (as much as TPG would like, 10x leverage is not coming back... Unless Joe Cassano is hired to run Chrysler's take private group), and also assuming a 40 % equity portion in the transaction.
Elevated debt levels from the acquisition, after accounting for the recent C$ 345 million equity issue, contribute to estimated
pro forma leverage of about 3.5 x, which is high for the rating.
Not exact matches
20
Pro Forma Financial Highlights Sources & Uses Refinance PENN Existing Debt: $ 2.7 billion Pre-spin redemption of Fortress Investment Group Conversion Shares: $ 412 million Pre-spin redemption of other Preferred Equity: $ 253 million (1) Cash portion of the Accumulated E&P Dividend: $ 438 million Transaction Expenses: ~ $ 145 million Total Transaction Debt: $ 3.75 — $ 4.25 billion Key GLPI (REIT) Stats Target
Leverage: 5.5 x EBITDA Target Interest Coverage: 3.2 x Target Dividend Payout Ratio: ~ 80 % AFFO less employee option holder dividends Key PNG (OpCo) Stats Target
Leverage: 3.0 x EBITDA Implied Adjusted
Leverage: 5.6 x EBITDAR Target Rent Coverage: ~ 2.0 x Target Interest Coverage: > 5.0 x Includes $ 22.5 m Preferred Equity redeemed in the first quarter of 2013