Demystifying Covenant Capacity Calculations – One line item at a time
In what alternate universe do borrowers never generate losses, secured debt doesn’t mean secured debt, and EBITDA growers upward-adjust fixed baskets that never reduce back down?
Providing accessible, guided covenant training for finance professionals
An online university-style course delivery platform
Accessible from anywhere, our online training platform delivers a seamless online course that you can progress at your own pace.
Video lessons for a guided classroom experience
Modules are broken down into specific video lessons for an easy to digest classroom experience you can work through at your own pace.
Granular multimedia learning approach
Alongside the video lessons, our platform delivers complementary lesson materials, a library of sample documents, case studies and course textbook.
Support community access for all learners
Learners can access to our community area to raise questions, ask for help and engage with other learners as well as our team.
Expert Guided Covenant Education from Sabrina Fox
"Over the past decade, investor protections have been steadily eroded in favour of borrower flexibility. Covenants that could once be relied upon to work in a particular way are now rife with risk and full of loopholes.
The course has been designed to tackle this issue through education. Our vision is to equip a generation of credit analysts with the ability to understand legalese so they can identify downside risk in covenants and make better investment decisions.” - Sabrina Fox
What's included in the license:
Video learning platform
We provide a classroom experience via our video platform. Compiled of lessons directed by the Queen of Covenants, Sabrina Fox.
Practical examples and exercises
We teach the theory and language behind covenants using real life examples and case studies so that you are learn in a genuine scenario. Imparting knowledge through practical application.
Course completion accreditation
With regular quizzes and recaps, we ensure you learn as the course progresses. Upon completion of the final exam, you'll receive a full accreditation certificate for the curriculum.
Upskill your team
Providing the course for your team or firm? We'll have you up and running and assigning your first learners in less than 10 minutes.
Convince your boss
Interested in taking the course to improve your effectiveness in your role? Here's some information for your firm to help get everyone on board.
We Believe in Giving Back
Fox Legal Training are proud partners with MyBnk the financial education charity, helping to provide high impact financial education for young people often in vulnerable positions or at turning points in their lives when they are in dire need of advice.
Please read our dedicated page about this partnership to learn more about all the superb work they are doing.
Covenant Training Blog
Calculating Covenant Capacity - In-Person Training
The bottom line is that lenders will never get their estimations of capacity 100% accurate because management has access to all data and significant discretion on how to calculate it. Indeed, it’s very likely that their law firm will do the calculating – and two different law firms may well get two different numbers.