Hi all,
would be keen to learn about what debt covenants (e.g., debt service coverage ratios) banks want to see when they finance transactions in Germany. I'd be especially interested to hear about reference values for financings supported by the KFW.
Thanks a ton
Christian
Debt covenants in Germany (especially with kfw financing)

by a searcher from WHU-Otto Beisheim School of Management
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We were going to use the KfW 366 program as well as a Bürgschaftsbank so the risk for the bank was actually quite low.
The seller backed off though so we are still searching.