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Covenant Review

The market’s trusted authority on covenant analysis and insights for bonds and loans.

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The Authority on Bond and Loan Covenants

Our team of 25+ expert lawyers cover an impressive 98% of all broadly syndicated loans, high yield bonds, investment grade, and private debt, offering you unrivaled access to comprehensive and holistic market research. Dive into our extensive archive with 5000+ bond/loan documents and analyses. Stay ahead of the curve with our event-driven research, meticulously prepared to demystify complex covenant language and highlight potential risks. With our unique tools, compare covenants, analyze precedents, and understand trends like never before. Whether you’re an investor, advisor, or part of a legal team, Covenant Review is your trusted partner in making the right financial decisions.

Key Features

Covenant Review is an all-encompassing resource, empowering users with the tools and expertise necessary to confidently navigate the financial landscape.

Primary Market Analysis

Comprehensive covenant analysis, providing detailed information on key covenants and identifying loopholes that put covenant implications into context, breaking down legalese into plain English. 

Secondary Market Opportunities

With a library of thousand of leveraged loan and high yield bond reports, have access to our comprehensive reports within minutes, with lawyers on hand to answer investor questions.

Event Driven & Special Situations

We consider the implications of key events under an issuer’s covenants, putting the puzzle pieces together for investors in a clear and comprehensive report.

Trendlines & Data

Reports on developments that matter most to investors, including on financial covenant headroom, documentary flex, and average new issue debt multiples.

Documentation Scores

Measuring the strength of the document in protecting lenders’ position with an overall composite score, that is derived from six sub-scores on a proprietary weighting scale.

Private Credit Offering

We equip you to navigate this often opaque market with comprehensive analysis on individual loans and benchmarks against our unrivaled dataset of private credit loans.

Our Private Credit Offering Coverage

Our best-in-class lawyers provide an unparalleled level of insight and clarity, equipping you to navigate this often-opaque market.

Covenant Review’s Private Credit Offering provides comprehensive analysis on individual loans* and benchmarks against our unrivaled dataset of private credit loans. Detailed reports are crafted by our team of expert lawyers, and highlight potential leverage and dilution risks that help you to make informed investment decisions. 
Our team decodes important financial definitions and covenant carveouts, and focuses on notable provisions and loopholes. We offer you the ability to identify trends, evaluate opportunities, and better manage your investments. 

Delivery Methods

Discover unparalleled access and integration with our diverse range of delivery methods, designed to cater to your needs. 

Online Platform

Comprehensive covenant analysis, providing detailed information on key covenants and identifying loopholes that put covenant implications into context, breaking down legalese into plain English. 

API Feed

Streamline your workflow with our API feeds. Automated and tailored, these feeds ensure that our insights are seamlessly integrated into your internal systems.

Excel Add-in

Enhance your data analysis and reporting within Excel using our add-in. Integrate the power of our data directly into your spreadsheets, allowing for dynamic and powerful financial modeling.

Mobile App

Stay informed wherever you are with our mobile app, the perfect companion for professionals who demand excellence at their fingertips

Access Complimentary Reports from our Expert Lawyers


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Stay in the Know: Request a Covenant Review Demo

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