Examples of Annualised Adjusted EBITDA in a sentence
Consequently, the Directors believe that if the Share Issue is not completed successfully there remains a material risk that the Company could breach the net debt to Annualised Adjusted EBITDA financial covenant in the Group’s existing credit facilities when it is tested at 31 January 2010.
The Weighted Average of the Adjusted EBITDA for the 2002, 2001 and 2000 periods will be calculated by taking three (3) times the 2002 Annualised Adjusted EBITDA, plus two (2) times the 2001 Adjusted EBITDA, plus one (1) times the 2000 Adjusted EBITDA.
If the Share Issue completes, irrespective of whether the disposal or exit from Stock occurs, the Directors expect that the Group will continue to comply with the net debt to Annualised Adjusted EBITDA financial covenant in its existing credit facilities when it is tested at 31 July 2009 and 31 January 2010.