For private credit
Every borrower, every document, tracked
Haydn schedules and chases each borrower deliverable, extracts financials from whatever arrives, pulls the terms out of the facilities agreement, tests covenants against them and tracks every cash transaction. Every number cited to the page it came from.
What private credit teams use Haydn for
From the reminder email to the covenant test — the monitoring work Haydn runs for you, borrower by borrower.
Automated data collection
Monthly management accounts, quarterly compliance certificates, annual audited accounts — each on its own schedule per borrower. Haydn chases when a deliverable slips and logs what arrived, so you always know who is late and who is late again.
Financials from any format
P&L, balance sheet and cash flow extracted from the PDF, Excel or deck the borrower actually sends. YTD-only figures converted to monthly, budget variances resolved to absolute numbers, units and periods aligned — every figure linked to its source cell or page.
Loan terms from the SFA
Margin and ratchets, covenant definitions and test dates, permitted baskets, payment dates — extracted from the Senior Facilities Agreement and each amendment. The terms that govern the loan live next to the numbers they govern.
Normalized across the book
Every borrower defines EBITDA differently. Define each metric once with formulas over the borrower’s own line items, then compare leverage, coverage and margins like-for-like across the portfolio.
Cashflow tracking
Interest, PIK accruals, arrangement and management fees, distributions and repayments — every cash transaction logged per borrower, so you always know what came in, when, and from whom.
Covenant monitoring
Leverage, interest cover, fixed-charge and liquidity tests run on the normalized financials against the definitions from the SFA. Headroom trended quarter to quarter, breaches and near-breaches flagged the day the numbers land.
No more copy-paste. No more chasing. No more surprises at committee.
Every borrower reports differently. One sends monthly P&L, the next only YTD. Budget arrives as a variance column, not a number. Periods, units and line items shift from pack to pack, and someone rebuilds the bridge in Excel every quarter.
Haydn reads the pack as it arrives — PDF, Excel or deck — and turns it into monthly financials on your definitions, with each figure linked back to the page or cell it came from.
The terms that govern each loan live in a 300-page facilities agreement and its amendments. Someone rereads it every time a covenant, basket or payment date comes into question.
Haydn extracts margin, ratchets, covenant definitions, test dates and payment dates from the SFA once, and tests every quarter’s numbers against them, so nobody rereads the agreement.
You walk into credit committee hoping the covenant tracker is current and that someone checked whether the interest actually arrived.
Ask Haydn. Every covenant test, every cash transaction, every late deliverable — across every borrower — answered in seconds, current as of the latest pack.