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

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

The Asset Sales, Change of Control and Mergers Covenants

Session three focuses on the Asset Sales, Change of Control and Mergers covenants, along with a review of typical Call Protection and Transfer provisions, all of which are crucial to understanding value loss, changes to stakeholders and liquidity.

Topics Include:

•  The basics of an Asset Sales covenant and application of proceeds

• The interplay between the Asset Sales covenant and Restricted Payment covenant

• Typical Change of Control triggers

• Standard restrictions on transfers, assignments, and sub-participations

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