Skip to main content

Covenant Review

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

Request a Trial

Explore features

The Authority on Bond and Loan Covenants

Our team of 25+ expert lawyers covers 98% of syndicated loans, high yield bonds, investment grade, and private debt, providing unrivaled market research. Explore our archive of 5000+ bond/loan documents and analyses. Stay ahead with research clarifying complex covenants and highlighting risks. Use our unique tools to compare covenants, analyze precedents, and understand trends. Whether you're an investor, advisor, or legal professional, Covenant Review is your trusted partner for informed financial decisions.

Features

Navigate the Financial Landscape with Confidence

Primary Market Analysis

Comprehensive covenant analysis detailing key covenants, identifying loopholes, and simplifying legal jargon.

Secondary Market Opportunities

Access thousands of leveraged loan and bond reports instantly, with lawyers ready for investor queries.

Event Driven & Special Situations

We analyze key event impacts on issuer covenants, providing clear, comprehensive reports for investors.

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

Covenant Review’s Private Credit Product

In the ever-evolving world of private credit, staying ahead can feel like a marathon. But with Covenant Review’s Private Credit Product, anyone—from asset managers and law firms to CLO managers and originators—can gain the insights and strategic foresight needed to navigate this complex landscape with confidence.

In-Depth Risk Management.

Gain a thorough understanding of covenant structures with detailed analyses to assess risks accurately and align investment decisions with strategic goals.

Enhanced Transparency.

Benefit from our proprietary blend of Documentation Scores, Private Credit TrendLines Reports, and Custom Portfolio Analyses, offering clarity on over 200 distinct data points for better market benchmarking.

Optimized Deal Structures.

Stay ahead with research on trends and innovations in private credit deals, helping you optimize structures, negotiate terms, and secure favorable covenants.

Investor Confidence and Relations.

Strengthen investor relationships with detailed reports that communicate risk mitigations, fostering confidence and attracting more capital.

Unlock Expertise: Explore Our Webinars, Events, and Training Resources

Our resources are designed to support both junior and advanced-level lawyers in mastering the fundamentals and advanced concepts, featuring unsurpassed covenant primers and comprehensive educational programs.

A New Paradigm: Liability Management and Bankruptcy Practice in a Post-Serta and Mitel World

Watch the replay of our webinar and delve into the Serta and Mitel decisions, explore their implications on bankruptcy practice, uptiering, liability management, and legal strategies.
WATCH REPLAY

Serta: Implications of the Fifth Circuit’s “Open Market Purchase”Holding in In re Serta

Fifth Circuit ruling impacts Serta’s “open market purchase,” influencing future liability management transactions.
ARTICLE

Did you know Covenant Review can revolutionize your private credit strategy?

In the ever-evolving world of private credit, staying ahead can feel like a marathon. But with Covenant Review’s Private Credit Product, anyone—from asset managers and law firms to CLO managers and originators—can gain the insights and strategic foresight needed to navigate this complex landscape with confidence.
BLOG

Covenant Review: High Yield Bond & Leveraged Loan Covenants 101

Leverage our analysts’ expertise in an easy-to-use, on-demand format designed for those new to covenants. This program is included in all Covenant Review subscription packages and includes bite-sized sessions to allow for customized self-led learning.
START LEARNING

European Liability Management: Comparing Anti-LMT Provisions in European Versus U.S. Market High Yield Bonds

Explore differences in anti-LMT provisions in European vs U.S. high yield bonds and their impact on liability management.
ARTICLE
LevFin Insights Abstract Image

Altice France: Hung out to Drahi (Public Bonds)

Altice France is making headlines with its recently announced and controversial debt reduction strategy. In Part 1, we examined debt strategies from the bonds’ perspective.
WEBINAR REPLAY

The High Tide of the Leveraged Loan Market

Winnie Cisar and LevFin Insights’ US Bureau Chief Kerry Kantin analyze the  leveraged loan market, discussing its strong start to the year and new trends.
PODCAST

Liability Management Transactions

Borrowers and issuers have been engaging in “Liability Management Transactions” with increasing frequency since the onset of the pandemic in 2020.
ARTICLE

Corporate Strategy or Legal Loophole?

In this  episode of “Know More. Risk Better.,” host Winnie Cisar and Special Situations Legal Research Head, Mark Lightner, delve into the complexities of mass torts and bankruptcy.
PODCAST

Stay in the Know: Request a Covenant Review Trial

Request a trial and discover how our data and tools can help you do your best work.

Once you complete the form, one of our specialists will be in touch to arrange an appropriate time to discuss.