High Yield and Leveraged Loan Covenant Fundamentals: Building Knowledge and Understanding the Basics Series

Join Covenant Review lawyers for the first session of a three-part series, High Yield and Leveraged Loan Covenant Fundamentals: Building Knowledge and Understanding the Basics.

The Capital Structure, Restricted Group and Value Leakage Through Restricted Payments and Permitted Investments

The first session of this series will set the groundwork for understanding covenant analysis. This will include looking at a leveraged capital structure, typical “soft” versus “hard” credit support, what is “in the box” and how to assess value leakage risk that can transfer assets out of reach of creditors. Session one covers the Restricted Payments covenant, often the least understood but most critical provision in a covenant package.

Topics Include:

• How the Restricted Payments covenant is designed to protect value

• The scope of the covenant, and the type of payments, purchases and investments it restricts

• Why the covenant is so important

• How to think about investment capacity

The presentation will be followed by networking drinks and the opportunity to connect with our lawyers and others within the industry.

If you have any questions, reach out to the events team at events@creditsights.com.