Sensitivities: Production −10 %, Opex +10 % and the Minimum DSCR
This lesson is part of the course
In this lesson
You stress the base case the way lenders do and chart how far the minimum DSCR falls towards the lock-up covenant.
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Lessons in this course
- Construction Budget, Sources & Uses and Gearing Locked
- CFADS Build-up: Revenue, Opex & Simplified Tax Locked
- Debt Sizing from a Target DSCR Locked
- Sculpted Repayment: Principal = CFADS ÷ DSCR − Interest Locked
- DSCR & LLCR: Testing an Annuity Repayment Locked
- Cash Flow Waterfall: Debt Service, DSRA & Lock-up Locked
- Equity IRR & NPV: What the Sponsor Earns Locked
- Sensitivities: Production −10 %, Opex +10 % and the Minimum DSCR Locked