Asset Class

MCP

Resources

Asset Class

MCP

Resources

Private Credit

Covenants test themselves
your firm’s way

Lumonic updates itself from the financials and compliance certificates, verified against each credit agreement.
Lumonic updates itself from the financials and compliance certificates, verified against each credit agreement.

Talk with us

Talk with us

Private Credit

Covenants test themselves
your firm’s way

Lumonic updates itself from the financials and compliance certificates, verified against each credit agreement.

Talk with us

General CapitalReportersMAKR Labs Inc.DashboardsAdd dashboard
Portfolio Monitoring ReportFinancials + CovenantsFinancials - ChartsKPI + Commentary
February 2025Edit
Covenant Summary
Covenant
Effective date
Actual
Threshold
In compliance?
Total Leverage Ratio
Feb 28, 2025
4.8x
≤ 5.00x
Yes
Fixed Charge Coverage Ratio
Feb 28, 2025
1.24x
≥ 1.20x
Yes
Liquidity
Feb 28, 2025
$27,500,000.00
≥ $10,000,000.00
Yes
Capital Expenditures (LTM)
Feb 28, 2025
$4,100,000.00
≤ $6,000,000.00
Yes
LTM Adjusted EBITDA
Feb 28, 2025
$26,112,000.00
≥ $22,000,000.00
Yes
Details
Entity Name
MAKR Labs Inc.
Status
Active
Vehicles
GC Fund 3
Deal Type
1st Lien
Deal Team
Dan Summers
Close Date
Apr 4, 2023
Industry
B2B Software
Junior Capital
GX Partners
FYE
December
Risk Rating
7
Sponsor/s
Estes Capital
Maturity Date
Apr 4, 2028
Adjusted EBITDA (Actuals vs Budget vs At close)
$01M2M3M4MMay ’24Jun ’24Jul ’24Aug ’24Sep ’24Oct ’24Nov ’24Dec ’24Jan ’25Feb ’25Mar ’25
Capital Structure
At close
Current
Maturity
Rate/Spread
Balance
Gross Lvg.
% of Cap
Balance
Gross Lvg.
% of Cap
Cash
—
—
$20,000,000.00
—
—
$25,000,000.00
—
—
Revolver
12/12/2025
L + 450 bps
$15,000,000.00
3.8x
6.7%
$12,000,000.00
4.8x
5.5%
1st Lien Term Loan
4/4/2028
L + 550 bps
$120,000,000.00
3.8x
53.6%
$114,000,000.00
4.8x
52.2%
Junior Capital
10/4/2028
12.0% PIK
$40,000,000.00
4.9x
17.9%
$43,200,000.00
6.5x
19.8%
Sponsor Equity
—
—
$49,000,000.00
—
21.9%
$49,000,000.00
—
22.5%
General CapitalReportersMAKR Labs Inc.DashboardsAdd dashboard
Portfolio Monitoring ReportFinancials + CovenantsFinancials - ChartsKPI + Commentary
February 2025Edit
Covenant Summary
Covenant
Effective date
Actual
Threshold
In compliance?
Total Leverage Ratio
Feb 28, 2025
4.8x
≤ 5.00x
Yes
Fixed Charge Coverage Ratio
Feb 28, 2025
1.24x
≥ 1.20x
Yes
Liquidity
Feb 28, 2025
$27,500,000.00
≥ $10,000,000.00
Yes
Capital Expenditures (LTM)
Feb 28, 2025
$4,100,000.00
≤ $6,000,000.00
Yes
LTM Adjusted EBITDA
Feb 28, 2025
$26,112,000.00
≥ $22,000,000.00
Yes
Details
Entity Name
MAKR Labs Inc.
Status
Active
Vehicles
GC Fund 3
Deal Type
1st Lien
Deal Team
Dan Summers
Close Date
Apr 4, 2023
Industry
B2B Software
Junior Capital
GX Partners
FYE
December
Risk Rating
7
Sponsor/s
Estes Capital
Maturity Date
Apr 4, 2028
Adjusted EBITDA (Actuals vs Budget vs At close)
$01M2M3M4MMay ’24Jun ’24Jul ’24Aug ’24Sep ’24Oct ’24Nov ’24Dec ’24Jan ’25Feb ’25Mar ’25
Capital Structure
At close
Current
Maturity
Rate/Spread
Balance
Gross Lvg.
% of Cap
Balance
Gross Lvg.
% of Cap
Cash
—
—
$20,000,000.00
—
—
$25,000,000.00
—
—
Revolver
12/12/2025
L + 450 bps
$15,000,000.00
3.8x
6.7%
$12,000,000.00
4.8x
5.5%
1st Lien Term Loan
4/4/2028
L + 550 bps
$120,000,000.00
3.8x
53.6%
$114,000,000.00
4.8x
52.2%
Junior Capital
10/4/2028
12.0% PIK
$40,000,000.00
4.9x
17.9%
$43,200,000.00
6.5x
19.8%
Sponsor Equity
—
—
$49,000,000.00
—
21.9%
$49,000,000.00
—
22.5%

Private credit firms that monitor their portfolios on Lumonic.

Turn borrower deliverables into credit decisions

Collect and structure everything from borrowing bases to compliance certificates. Stay on top of every covenant, from simple milestones to complex EBITDA adjustments.

Turn borrower deliverables into credit decisions

Collect and structure everything from borrowing bases to compliance certificates. Stay on top of every covenant, from simple milestones to complex EBITDA adjustments.

Turn borrower deliverables into credit decisions

Collect and structure everything from borrowing bases to compliance certificates. Stay on top of every covenant, from simple milestones to complex EBITDA adjustments.

Never question a covenant calculation again

Stay ahead of issues by tracing calculations back to source data, spotting discrepancies instantly, and tracking changes over time.

Never question a covenant calculation again

Stay ahead of issues by tracing calculations back to source data, spotting discrepancies instantly, and tracking changes over time.

Never question a covenant calculation again

Stay ahead of issues by tracing calculations back to source data, spotting discrepancies instantly, and tracking changes over time.

Presentation-ready reporting for every complex deal

Stop juggling spreadsheets and scattered compliance files—unify data from first-lien, second-lien, or junior debt in one place. Produce easy-to-edit, auditable reports for investment committee, LP updates, or co-lenders.

Presentation-ready reporting for every complex deal

Stop juggling spreadsheets and scattered compliance files—unify data from first-lien, second-lien, or junior debt in one place. Produce easy-to-edit, auditable reports for investment committee, LP updates, or co-lenders.

Presentation-ready reporting for every complex deal

Stop juggling spreadsheets and scattered compliance files—unify data from first-lien, second-lien, or junior debt in one place. Produce easy-to-edit, auditable reports for investment committee, LP updates, or co-lenders.

Turn every deal—passed or closed—into powerful benchmarks

Whether you pass or proceed, unify all diligence files, borrower deliverables, and covenant trends in one system. Power your next underwriting with real-time alerts, transparent source data, and an ever-growing knowledge base.

Turn every deal—passed or closed—into powerful benchmarks

Whether you pass or proceed, unify all diligence files, borrower deliverables, and covenant trends in one system. Power your next underwriting with real-time alerts, transparent source data, and an ever-growing knowledge base.

Turn every deal—passed or closed—into powerful benchmarks

Whether you pass or proceed, unify all diligence files, borrower deliverables, and covenant trends in one system. Power your next underwriting with real-time alerts, transparent source data, and an ever-growing knowledge base.

Stay in sync with every performance and credit change

Spot early signs of risk rating changes with proactive alerts for covenant thresholds and cushions. Monitor performance against restatements and handle amendments smoothly — across any deal type, from asset-based to term loans.

Stay in sync with every performance and credit change

Spot early signs of risk rating changes with proactive alerts for covenant thresholds and cushions. Monitor performance against restatements and handle amendments smoothly — across any deal type, from asset-based to term loans.

Stay in sync with every performance and credit change

Spot early signs of risk rating changes with proactive alerts for covenant thresholds and cushions. Monitor performance against restatements and handle amendments smoothly — across any deal type, from asset-based to term loans.

Turn borrower deliverables into credit decisions

Collect and structure everything from borrowing bases to compliance certificates. Stay on top of every covenant, from simple milestones to complex EBITDA adjustments.

Deposit Account Control Agreements

Deposit Account Control Agreements

Borrowing base certificates

Borrowing base certificates

Perfection certificates

Perfection certificates

Compliance certificates

Compliance certificates

Financial Statements

Financial Statements

Reporting covenants

Reporting covenants

Financial covenants

Financial covenants

Credit agreements

Credit agreements

Stop chasing down borrower data

Get Lumonic to do it for you

Talk with us

Talk with us

Private credit firms that monitor their portfolios on Lumonic.

Never question a covenant calculation again

Stay ahead of issues by tracing calculations back to source data, spotting discrepancies instantly, and tracking changes over time.

Presentation-ready reporting for every complex deal

Stop juggling spreadsheets and scattered compliance files—unify data from first-lien, second-lien, or junior debt in one place. Produce easy-to-edit, auditable reports for investment committee, LP updates, or co-lenders.

Turn every deal—passed or closed—into powerful benchmarks

Whether you pass or proceed, unify all diligence files, borrower deliverables, and covenant trends in one system. Power your next underwriting with real-time alerts, transparent source data, and an ever-growing knowledge base.

Stay in sync with every performance and credit change

Spot early signs of risk rating changes with proactive alerts for covenant thresholds and cushions. Monitor performance against restatements and handle amendments smoothly — across any deal type, from asset-based to term loans.

Turn borrower deliverables into credit decisions

Collect and structure everything from borrowing bases to compliance certificates. Stay on top of every covenant, from simple milestones to complex EBITDA adjustments.