Infrastructure Investment Banking: Definitions, Deals, and a Dizzying Diversity of Verticals
Mergers and Inquisitions
MAY 14, 2025
DCF: Deducts the full Interest Expense and deducts only Maintenance CapEx. They also serve different purposes; CFADS is used for debt sizing and sculpting , while FFO and DCF are more useful for determining Dividends in the period. FFO: Deducts the full Interest Expense but does not deduct any CapEx.
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