Shine a Light on Covenants


Shine a Light on Covenants
— Richard Barley
The Wall Street Journal Europe
Jul 22 2014

Covenants on loans to highly leveraged companies are becoming an endangered species. That has some policy makers worried. But to focus too much on the demise of covenants may be misguided. Issuance of covenant- lite leveraged loans, which don’t…read more…

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