Covenant & Compliance Monitoring

Data on this page

The register tracks six covenant tests across facility, covenant type (Leverage Ratio, Interest Coverage Ratio, Debt Service Coverage, Minimum Liquidity), the credit-agreement threshold, the actual tested value, and compliance status. The stat cards summarize covenants tracked (6), breaches (2), tight-headroom cases (1), and compliant tests (3).

What this agent does

This agent ingests periodic financial statements and compliance certificates, calculates each covenant against the threshold set in the credit agreement, and classifies the result as compliant, tight headroom (an early warning band), or breach. On a breach it enables a one-click waiver request workflow to the syndicate rather than waiting for the next manual review cycle.

Worked examples

• Bergman Industrial TLB: Leverage Ratio tested at 4.60x against a ≤4.25x threshold — flagged Breach, with "Request Waiver" available.
• Solent Maritime DDTL: Leverage Ratio at 4.85x against a ≤5.00x threshold — flagged Tight Headroom before it becomes a breach.
• Nordholm Capital Revolver: Minimum Liquidity of $78M comfortably clears the ≥$50M threshold — Compliant.