3Q26 Quarterly Covenant Trends: European Leveraged Loans & High Yield Bonds

In this webinar, CreditSights’ Covenant Review team breaks down 3Q26 covenant trends across European leveraged loans and high-yield bonds, as sponsors push their most aggressive terms in years. Jane Gray and Kirsten Heenan unpack AI-related EBITDA add-backs, anti-co-op provisions and permissive terms like 75% drag-along, and highlight where investor pushback won real protections. The session shows investors which terms to watch and challenge in today’s documents.