A double-click on EBITDA in syndicated loan debt covenants with Prof. Adam Badawi
In this episode of the Center for Law & Economics @ ETH Zurich, Erasmus Elsner and Prof. Adam Badawi is taking a deep dive into the paper "Contractual Complexity in Debt Agreements: The Case of EBITDA" with Professor Adam Badawi from the Berkeley Law. Paper References: Contractual Complexity in Debt Agreements: The Case of EBITDA, joint work with Elisabeth de Fontenay https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3455497 Audio Credits: Trailer music: AllttA by AllttA https://youtu.be/ZawLOcbQZ2w