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?
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.
Calculating Covenant Capacity
One of our most popular modules in our Leveraged Finance Covenant Training course is the chapter on Calculation Mechanics. The topic is also most often requested for deeper learning, case studies and expert input, so we’ve decided to make it the focus of our upcoming Autumn in-person event, taking place on 27th September at The Ned.
Empowering the Market with Covenant Knowledge
We have heard anecdotally that the first half of the year did not usher in the new era of tighter terms, despite the shift in negotiating dynamics brought about by market uncertainty and instability. This surprised some, but it does not surprise FLT.
Learn Covenants Your Way with FLT’s Varied Approach
Second only to our passion for creating the best educational covenant content available is our drive to provide the best possible learning experience for those who take our course. That’s why we’ve taken every step possible to ensure that there are educational options suited to anyone, tailored to each individual’s learning style.
Debt Jenga: Avoid a Topple
Understanding the myriad ways your debt could get primed is essential to effective credit analysis. This is why we cover subordination in such granular detail in our Leveraged Finance Covenant Training, as illustrated by this video lesson we've shared direct from our online curriculum.
Show off Your Advanced Covenant Knowledge with our New LinkedIn Certification Badge
Introducing our new certification badge that you’ll be seeing around LinkedIn from now on! We are delighted to be awarding covenant analysis certifications to the first cohort of students matriculating from Fox Legal Training’s Leveraged Finance Covenant Training course.
Announcement: Lawyers Can Now Receive CLE Credits When Taking Our Covenant Course
We work hard to ensure that our Leveraged Finance Covenant Training course is relevant and useful to anyone working in the leveraged finance market, from credit analysts to traders to lawyers and others. We recently received accreditation from the Illinois MCLE Board, which means that our course now qualifies for seven hours of continuing legal education credit.