Hire an AI loan leverage and equity cure checker

Everything it can hand back

Your task sets the actual outputs. The specialist picks the methods that cover them.

• A bridge from EBITDA before addbacks to adjusted EBITDA, with any excess addback shown
• The ratio, the debt the covenant allows and signed headroom
• If a cure applies: the cure needed, the cure allowed, the new ratio and any gap left
• A check of cure rules: receipt, deadline and how often
• A list of what is MISSING and which checks were missed

How it does the job well

• Reconcile to source documents, such as bank statements, ledgers and invoices, before reporting.
• Show the calculation, inputs and period for every figure.
• Label actuals, estimates and forecasts clearly.
• Send tax, legal and regulatory questions to a qualified professional.

Mistakes it avoids

• Mixing cash and accrual figures, or different periods, in one comparison.
• Rounding or formula errors that do not tie back to totals.
• Giving personal investment advice.

What a good result looks like

An example, not your task: A covenant test date is close and you want to know if you pass.

• outputs/step-1-deal-ebitda-addback-checker.md. Adjusted EBITDA, the capped addback allowed and any excess disallowed.
• Step 2 file (net debt to EBITDA check). The ratio, the debt the covenant allows and signed headroom.
• outputs/step-3-equity-cure-scenario-checker.md. The cure needed and allowed, the new ratio and any gap. Marked skipped if headroom is positive.
• HAND-BACK SUMMARY. Files saved, sources used, MISSING lines, checks missed and one suggested next step.

How the work is checked

• No addback is allowed without evidence. No cure is treated as received, timely or effective without proof. Signed headroom uses the same date for debt, cash and EBITDA.
• Each material input traces to its source, date, currency, scale, sign and period. Unresolved items stay as MISSING: lines.
• Real zeros, unavailable evidence and inapplicable ratios are told apart. No statement is forced to tie with an unexplained plug.
• Original source locations, assumptions, formula conventions, failed checks and actual verification results are saved. End with CHECKS MISSED: none, or the exact outstanding checks.
• States which checks passed, failed or could not run, and names missing inputs.

These checks have not been run against a model yet. Your AI uses them to check its own work.

Capabilities

• Deal EBITDA addback checker. Applies the signed cap to EBITDA before addbacks and keeps permitted uncapped adjustments apart. Shows the allowed addback and any excess. Stops if the cap is set after addbacks. Hands step 2 the contractual EBITDA.
• Net leverage covenant checker. Takes that EBITDA after checking all definitions match. Uses same-date debt, eligible cash and the cash netting cap to show net debt to EBITDA, allowed debt and signed headroom. Hands step 3 the verified net debt.
• Equity cure scenario checker. Runs only when headroom is negative and an EBITDA-only cure right is still open. Uses the net debt unchanged, applies the cap left and checks receipt, deadline and frequency. Otherwise it is skipped with a reason.

How the role works

1. Checks your task, context and available tools.
2. Picks the methods needed and prepares a work plan.
3. Carries out supported tasks, with each method's limits and review gates.
4. Checks the real deliverables and corrects supported faults.
5. Hands back files, evidence and unresolved gaps.

Your specialist's working setup

Download the base specialist without a task form or account. README.md and SETUP.md explain how to use the folder. SOUL.md defines its scope. INTAKE.md asks missing questions inside your AI. PLAYBOOK.md, SKILLS.md, BEST_PRACTICES.md, CHECKS.md and HANDOFF.md guide the work and its checked deliverables.

Complete associated skills, supporting files and licences are included. Choose only the methods needed for the actual task. Keep context, working files and accepted feedback in your AI project.

Use this specialist through MCP or the API

Call prepare_specialist with role_id review-leverage-headroom-and-cure only. No task is required to load it. Your AI asks what job you need done, what you want back and which relevant context it can use.

For task-led hiring, call find_specialist, explain the suggested specialists and let the user accept or change the team.

Complete ZIP: Download base specialist. API: GET /api/v1/specialists/review-leverage-headroom-and-cure/pack. The host AI supplies its own model, tools and execution; a pack does not connect accounts or run a task.

Inputs and helpful context

The specialist starts from the task brief. Only active methods require their inputs.

For the primary method, when used

• The signed addback cap and its wording, which must be set on EBITDA before addbacks
• EBITDA before addbacks, the permitted uncapped adjustments and the capped addbacks you want, with support for each
• Debt on the test date, as the agreement defines it
• Eligible unrestricted cash on the same date, and the cap on cash netting
• The maximum net debt to EBITDA, such as 4.0 times
• The cure rights: how often, by when, the cap, and how much you have already used

Helpful context (optional)

• The latest compliance certificate.
• Your log of earlier cures.

Tools and access

• A chat AI that reads long documents: The definitions and cure clause decide the result. In plain chat, paste the exact wording.
• A spreadsheet engine and file-capable AI: Create, recalculate, render and reopen the requested native workbook.
• Node.js 20 or later: Run the bundled dependency-free reference calculation against explicit numeric inputs.
• Claude, ChatGPT or Gemini: Any of them can do these sums in a chat.
• An AI that can make spreadsheet files: It can build the workbook, recalculate it and check that it reopens.
• Node.js 20 or later (optional): Runs the small script that comes with the skill, for a second check of the numbers.
• Claude, ChatGPT or Gemini: Any of them can work through the sums in a chat.

Functions and deliverables

• Loan leverage and equity cure checker: Share loan rules, supported addbacks, debt and eligible cash. Get EBITDA checks, leverage headroom and a cure scenario only if allowed.
  • A bridge from EBITDA before addbacks to adjusted EBITDA, with any excess addback shown
  • The ratio, the debt the covenant allows and signed headroom
  • If a cure applies: the cure needed, the cure allowed, the new ratio and any gap left
  • A check of cure rules: receipt, deadline and how often
  • A list of what is MISSING and which checks were missed
• Deal earnings adjustment checker: Share earnings, proposed addbacks and the signed cap. Check allowed adjustments, rejected amounts and adjusted EBITDA.
  • Adjusted EBITDA.
  • The allowed capped addback.
  • The disallowed excess.
  • An editable workbook with inputs, calculations and checks.
  • A list of missing inputs and checks that did not run.
• Net debt covenant checker: Share debt, eligible cash and signed loan terms. Check the leverage ratio and room under the debt cap.
  • Net debt after the cash credit
  • Your ratio of net debt to EBITDA
  • The most net debt the contract allows
  • The room left, or the shortfall shown as a negative number
  • A list of missing facts and checks it could not run
  • A small workbook with the same sums, if your AI can make files
• Loan covenant equity cure checker: Share the signed cure terms and debt figures. Check the permitted earnings adjustment and any remaining gap.
  • The EBITDA needed, the cure required and the cure allowed under the cap
  • The ratio after the cure
  • The gap still left, if the cap is not enough
  • A check of the cure rules: receipt, deadline and how often
  • A list of missing facts and checks it could not run
  • A small workbook with the same sums, if your AI can make files
• me.md builder: Answer a few questions, or let your AI use what it remembers. Get one private file that tells any AI who you are.
  • One me.md file with up to ten dated sections
  • A list of facts taken from memory, for you to check
  • A short note of what it removed for privacy
  • The two next steps, to save it and set it up

Tasks you can use it for

• A covenant test date is close and you want to know if you pass.
• Management wants to add back costs, and you must check the cap.
• Headroom is thin and you want to know what an equity cure would need.
• A lender questions your compliance certificate.

Limits to check before starting

• Your agreement caps addbacks on EBITDA after addbacks: stop and ask a lawyer or the lender's agent. The cap method here does not fit.
• You test debt service cash cover, not net debt to EBITDA: use the Debt service coverage checker workflow.
• You want to know if a cure is valid or on time, or need a waiver: ask your lawyer and lender. This does the arithmetic only.
• You want net debt to EBITDA after cash interest and PIK interest: use the Debt interest and leverage checker workflow.

Best way to use this role

Give it one clear outcome, the actual files and a definition of done. Keep the work in one AI project so it can reuse checked context and earlier files.

• Download the workflow pack and add it to Claude, ChatGPT or Gemini, in a chat that accepts files.
• Attach the compliance certificate, the credit agreement pages with the definitions and cure clause, and your addback support.
• Ask your AI to follow the pack, save a file for each step and stop a step when an input is missing.
• After step 1, check that the cap in the agreement is on EBITDA before addbacks. If not, stop here.
• After step 3, send the result to your lender contact or lawyer before anyone relies on it. A spreadsheet tool is needed for the workbook. Without one, your AI gives the tables in chat.

Read it as data

Read the complete role setup as JSON. Connect your AI to the AI Blocks MCP library and read aiblocks://roles/review-leverage-headroom-and-cure for its role instructions and pinned sources.

This is a prepared AI role. No task has run. Your AI carries out authorized work using its available tools and reports the actual deliverables and checks.