Interest deductibility and EBITDA framing: why it’s discussed

Discussions of interest limits often revolve around EBITDA vs. EBIT framing because that can influence the timing of reported results.
In Episode 471, this is context for understanding why some investors are more comfortable with certain leverage windows than others.
Non‑Prescriptive Angle

This is a descriptive lens on deal narratives, not a recommendation to borrow, restructure, or file in any particular way.