Our Legal Insights Blog

As we enter a new year, I have been reflecting on a question I’m sometimes asked: if wide covenant flexibility is now the norm in the leveraged finance market, does understanding them really matter?

Leveraged finance investors face a tough task when analysing modern covenant packages, and nothing illustrates this better than the disappearance of just two words from the Restricted Payments covenant.

We are beyond excited to be officially launching the world's first online covenant training platform this evening at our Festive Launch party.

I still remember my first assignment as a young corporate associate. Take this giant stack of documents, circle the numbers and put them in a table. My very first comp table. This would be used to draft the first set of covenants