The Ramifications of Covenant-Lite Structures

Borrowers have been using relaxed credit agreement and bond covenants to “strip” assets from the collateral/asset pools that lenders think secure them. Neiman Marcus, J.Crew, PetSmart and BC Partners are recent examples. By focusing on these examples, this panel will discuss the covenant-lite structure of today, what the documents really say, who benefits and who gets hurt, and who influences the structure and outcome.

$50.00
Price: $50.00
SKU: 194274
Duration: 
60 mins
Faculty: 
Roger G. Schwartz Sarah Robinson Borders Hon. Robert D. Drain John Greene Prof. Jack F. Williams