RCM Diligence — Covenant Stress Lab
Capital stack × covenant × calendar
🛡️ Public data only — no PHI permitted on this instance.
Covenant & Capital Stack Stress Lab
When does your thesis hit a covenant cliff?
Takes the Deal MC EBITDA cone, overlays your capital stack and covenant package, and produces per-quarter breach-probability curves for each covenant. Optionally applies the Regulatory Calendar overlay so partners see exactly how a V28 cut in CY2027 tightens the 2027 leverage covenant. Output names the first breach quarter and sizes the equity cure.