The AZEK Company Inc (AZEK)

[mdanese]

Under the ABL facility, if availability is less than the greater of $12.5 million and 10% of the line cap, The AZEK Company Inc. (“Holdings”) must maintain a fixed charge coverage ratio of at least 1x. The covenant testing period continues until availability exceeds such threshold for 30 consecutive days, and equity cures are permitted.This covenant is not currently tested, but if it were, the company would be in compliance. Read the full covenant conclusions here: https://reorg.com/azek-company-financial-covenants/