Providing accessible, guided legal training for finance professionals

An online university-style course delivery platform

Accessible from anywhere, our online training platform delivers a seamless learning experience 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, sample documents, case studies and quizzes.

Support community access for all learners

Students can access to our community area to raise questions, ask for help and engage with other students as well as our team.

Expert Guided Legal 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 professionals with the ability to understand legalese so they can identify downside risk and upside opportunity in covenants and make better investment decisions.”

- Sabrina Fox

"There just isn't anything out there like this and as a credit analyst you're often just thrown in at the deep end without any formal training on the world of covenants."

Michael D

Credit Analyst

"Sabrina is an excellent teacher and her passion for covenants is obvious. The course is really well broken down and the use of real life examples and case studies makes a big difference to the application of the information."

Matt W

Investment Analyst

Upskill your team

Providing the course for your team or firm? We'll have you up and running and onboarding your first students 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.

Covenant Training Blog

May 13, 2024

Black(line) Magic: Lottomatica’s Bells & Whistles

Last week, I wrote about the magic of a blackline in the context of analysing docs for a repeat issuer or in a refinancing. Nothing else highlights key changes quite as well, as demonstrated by Lottomatica’s added bells and whistles in this week’s offering of senior secured fixed and floating rate notes. TLDR: Lottomatica is getting a flexibility upgrade, whilst lender protections are watered down.
May 9, 2024

The Crystal Ball Power of a Legal Blackline

Last night, I ran a blackline of Fedrigoni’s new seniorsecured notes (the May Notes) against January’s (the January Notes), and found twoimportant features – one of which can be used to make a relative value comparisonbetween the two series. 1. The May Notes contain two valuable redemptionfeatures for the borrower, with a third additional kicker folded in,that the January Notes do not have, making the January Notes moreeconomically protective for investors. 2. The May Notes and the January Notes back-datethe builder basket to the start date for the builder basket of thebonds that are being refinanced, but fail to disclose the built-up capacityunder that basket, making it a kind of “hidden” source of capacity.
By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts.
View our Privacy Policy for more information.