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  "documentTitle": "Sinch | Mergers and Acquisitions Presentation Deck | 16 slides",
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  "presentationDate": "2020-06-01 00:00:00",
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  "notes": "The chart illustrates the impact of acquisitions on leverage, with a target line at 2.5x.",
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      "text": "Pro forma net debt/Adjusted EBITDA",
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      "text": "Pro forma calculation include last 12 months of Adj EBITDA for acquired entities. Financial target is to maintain Net debt < 2.5x adjusted EBITDA over time. Pro forma Net debt/Adj EBITDA of 3.2x is within the constraints set by bank and corporate bond covenants. Leverage expected to decline in coming periods as EBITDA grows and cash is generated.",
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      "text": "Acquisitions of Wavy and SDI are both pending regulatory approval.",
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