Covenant Monitoring

Threshold and headroom, live across every loan.

app.capitalbridge.app / covenants / watchlist
LIVE
Covenant watchlist
6 covenants · sorted by proximity to breach
4 safe 3 watch 1 breach
Summit Capital Partners
MC3 · private credit
breach
DSCR · quarterly
00.81.2 min2.0
headroom −0.12
period Q1 26
Northstar Energy Holdings
OGF · infrastructure
at risk
Leverage · maximum
0×2.0×3.5× max5.0×
headroom 0.3×
period Q1 26
Sedona Solar Industrial
LCBF · renewables
watch
ICR · minimum
01.52.0 min4.0
headroom 0.14
period Q1 26
Cascade Agri Holdings
FAY · agriculture
safe
DSCR · minimum
01.01.2 min2.5
headroom 0.44
period Q1 26
Carolina Health Networks
ATIF · healthcare
safe
LTV · maximum
0%40%75% max100%
headroom 17pp
period Q1 26
Midland Infrastructure Co.
DIL · transport
watch
LTV · maximum
0%40%75% max100%
headroom 2.6pp
period Q1 26
Summit Capital Partners · detail
DSCR breach · workflow started 12 Apr 26
breach · action required

DSCR 1.08 covenant minimum 1.20

formula: EBITDA / (interest + principal)
Current
1.08×
Limit
1.20×
Headroom
−0.12
DSCR minimum warn band
min 1.20 1.08 ⚠ Q1·24 Q3·24 Q1·25 Q3·25 Q3·25 Q1·26
Waiver workflow
Breach notice issued to counterparty. Cure period 30 days. Waiver request due 12 May 26. 2 signoffs needed · credit committee + risk.
Breach timeline
automated actions taken
DSCR 1.08, Q1 26 submission calculated · minimum 1.20 breached
12 Apr · 09:14
Breach notice queued · sent to 4 recipients at Summit Capital
12 Apr · 09:15
Credit committee notified · meeting scheduled 19 Apr 14:00
12 Apr · 09:17
Cure plan submission request opened · due 12 May
12 Apr · 09:20