Our Legal Insights Blog

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.

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.

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.

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.

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.

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.

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.

Through progression of our mission to expand the knowledge of covenants and legalese across the leveraged finance industry, we are proud to now have over a hundred active learners. From this pool of active learners and industry guests at our London events and workshops, we have started to consolidate our understanding about the current state of covenant education.