Start at the Beginning with our
Covenants for Beginners - Online Course
This course is designed for those new to leveraged finance and walks them through key covenant concepts including capital structure and credit support, debt and liens, value loss, and more, equipping them with a solid foundation for covenant analysis.
As is the case with our core curriculum, their learning will be supported with quizzes and case studies. Students will also have access to a dedicated online community, where they can post questions and read answers to other students’ queries. We will also host fortnightly live Zoom Q&A sessions so students can ask questions on the materials.

Full Course Details
This online course is the ideal resource to complement your new joiner training programme. Focusing only on covenants and designed by covenant expert Sabrina Fox, the course will provide your new joiners with a solid foundation for covenant analysis so they can begin their professional journey equipped with the tools to understand the implications of covenants.
The course will enhance the value of your existing covenant analysis service resource, as students will understand the concepts summarised in the reports they publish. It will also ensure that new joiners have enough knowledge to really grasp discussions in IC and on calls with external counsel and financial restructuring advisors, which will enhance their learning rather than leaving them befuddled and confused.
The course includes lessons on the following topics:
- Foundations of covenant analysis and contractual interpretation
- Capital structure and credit support
- Debt and liens covenants
- Restricted payments and asset sales
- Changes of ownership, including transfer restrictions and change of control
- Economic terms and sweetheart deals
- Amendments, waivers and defaults
Pricing
This includes:
- Access to the platform for up to 20 individuals
- Retained access to the course materials and the platform for one year
- Onboarding and support service during your license
- The opportunity to attend select FLT events throughout the year

Seen all you need to see?
If you're ready to sign up with the course and get yourself or your firm started, please go ahead and buy now. You'll be able to access the course and add other learners immediately after signing up.
Want to see the platform first hand?
If you'd like to see the platform in action first, why not book a demo with us? This way we can walk you through it and show you how it works. It's ok, we like showing off.