Alpine 4 Holdings Inc (ALPP): High yield covenants Typically based...

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Re: Anvil post# 31488

Tuesday, 01/07/2020 10:36:58 AM

Tuesday, January 07, 2020 10:36:58 AM

High yield covenants

Typically based off of EBITDA (or some other cash flow metric) not book capital, which seemed to be your point. Even for oil and gas companies, banks will look at PV-10 or some MARKET based estimate of reserves.

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