Epstein Secrets

s, the Company will incur approximately $8 million of annual rent expense which will reduce Adjusted EBITDA in the future. As of September 30, 2012, Alliance's ratio of consolidated total debt to consolidated Adjusted EBITDA less minority interest expense calculated pursuant to the Credit Agreement was 4

014 & 4.1x by wend 2015 ' As RDNT de-levers given its sliver of equity ($120m mkt cap) vs. its net debt balance ($587m post refi) every 0.5x chg in ebitda multiple adds $1.40/share to RDNT ' Over the past decade RDNT has been valued @ an avg 7x ebitda ' RDNT is presently valued @ 5.8x 2014 ebitda Ft 5.1x fwd ebitda ' As

, the Company will incur approximately $8 million of annual rent expense which will reduce Adjusted EBITDA in the future. As of September 30, 2012, Alliance's ratio of consolidated total debt to consolidated Adjusted EBITDA less minority interest expense calculated pursuant to the Credit Agreement was 4.

14 a 4.1x by yrend 2015 ' As RDNT de-levers given its sliver of equity ($120m mkt cap) vs. its net debt balance ($587m post refi) every 0.5x chg in ebitda multiple adds $1.40/share to RDNT ' Over the past decade RDNT has been valued @ an avg 7x ebitda • RDNT is presently valued @ 5.8x 2014 ebitda a 5.1x fwd ebitda As co

s, the Company will incur approximately $8 million of annual rent expense which will reduce Adjusted EBITDA in the future. As of September 30, 2012, Alliance's ratio of consolidated total debt to consolidated Adjusted EBITDA less minority interest expense calculated pursuant to the Credit Agreement was 4

14 a 4.1x by yrend 2015 ' As RDNT de-levers given its sliver of equity ($120m mkt cap) vs. its net debt balance ($587m post refi) every 0.5x chg in ebitda multiple adds $1.40/share to RDNT ' Over the past decade RDNT has been valued @ an avg 7x ebitda ▪ RDNT is presently valued @ 5.8x 2014 ebitda a 5.1x fwd ebitda ' As