CR European TrendLines: Monthly Documentation Score Sheet: March 2026

European Leveraged Loan Documentation Trends

CR European TrendLines: Monthly Documentation Score Sheet: March 2026

Jane Gray, Solicitor: European Head of Research Europe - Covenant Review

7 April 2026

Download the Full Report to gain insights on:
  • How documentation protections have evolved across recent European leveraged loan issuances.
  • What changes in covenant features reveal about negotiating power and market conditions.
  • Why European Leveraged Loan Documentation Trends matter for assessing downside risk.
  • How term sheet completeness and documentation scores differ between early and final agreements.
  • Which aggressive terms are gaining prevalence and where protections are eroding.

EUROPEAN TRENDLINES

Monthly Documentation Score Sheet

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