Structure a debt schedule around covenant headroom, not just the amortization table

Help me structure a debt schedule for our current facility, but I want it built around covenant headroom, not just the amortization mechanics — the amortization schedule alone doesn't tell anyone what actually puts us at risk, which is tripping a covenant, not missing a payment.

FACILITY DETAILS
$8M term loan, 5-year amortization, current balance $6.1M, fixed rate 7.2%

COVENANTS ATTACHED
Max leverage ratio (debt/EBITDA) of 3.5x; minimum debt service coverage ratio (DSCR) of 1.25x; minimum liquidity of $500k

CURRENT FINANCIAL POSITION AGAINST EACH COVENANT
Current leverage ratio ~2.8x; DSCR ~1.4x; liquidity ~$720k

STRESS SCENARIO TO TEST
EBITDA declines 20% over the next two quarters due to a large customer churning

First, lay out the standard schedule structure — principal balance, scheduled amortization, interest, and maturity — but keep this section brief, since it's mechanical and not where the real risk analysis lives. Second, and more importantly, for each covenant, state the current headroom (how far the current position is from the covenant threshold, in the actual units the covenant is measured in — a leverage ratio covenant needs headroom expressed in ratio terms, not dollars) and rank the covenants from least to most headroom, since the tightest one is the one that actually constrains the business's decisions. Third, apply the stress scenario I gave you and recalculate headroom under that scenario for each covenant — state plainly which covenant would be tripped first under the stress case and roughly how much deterioration it would take to trip it, using the numbers I've given you rather than inventing a specific breaking point you haven't actually derived from those numbers.

WHAT NOT TO DO
Do not present a headroom calculation as precise if I've given you rounded or approximate current-position figures — say the calculation is approximate and state the rounding. Do not recommend a specific renegotiation or refinancing action as if it were sound financial advice — describe what the numbers show and what kind of conversation they'd warrant with lenders or advisors, not a specific transaction to pursue.

OUTPUT FORMAT
1. Brief amortization summary.
2. Covenant headroom table: Covenant | Threshold | Current Position | Headroom | Rank (tightest first).
3. Stress-scenario section: recalculated headroom per covenant under the stated stress case, and which one would be tripped first.
4. A closing line stating this is a structuring aid for internal planning, not a substitute for your lender relationship team or a qualified financial advisor reviewing the actual credit agreement language.