Which one of the following statements is correct?

Covenants
Debt / EBITDA	< 5.0x
Interest cover (EBITDA /total interest expense)	> 3.0x
Balance sheet extract		Year 1	Year 2	Year 3	Year 4	Year 5
Total debt		1,090.0	1,085.0	945.0	870.0	478.0
Income statement extract		Year 1	Year 2	Year 3	Year 4	Year 5
EBITDA		242.2	241.1	185.0	250.0	260.0
Total interest expense		75.2	74.9	65.8	67.9	38.5

Select one:

Debt / EBITDA covenant is breached in year 3

Interest cover covenant is breached in year 3

Both debt / EBITDA and interest cover covenants are breached in year 3

None of the covenants are breached throughout the forecast