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Loan life coverage ratio (LLCR) in project finance

What the loan life coverage ratio measures, how it works as a covenant and how to build a transparent LLCR module in a project finance model.

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Webinar · Recording · Presented by Shaun Comley · 28 October 2021

This webinar is about the loan life coverage ratio (LLCR). Shaun Comley (opens in a new tab) covers the definition, how the ratio is applied in project finance and how to calculate it in a financial model. Beyond the mechanics, he shows how to sense-check your results commercially.

What you will learn

  1. What the LLCR is

    The definition of the loan life coverage ratio.

  2. The LLCR as a covenant

    How the ratio is used as a covenant in project finance.

  3. A transparent LLCR module

    Line-by-line calculations that give a transparent and flexible LLCR module.

  4. Sense checks

    Tips for checking your LLCR results across a range of scenarios.

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