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SEC Shifting to Semiannual Reporting Requirements? Legal Mechanics, Covenant Considerations & Credit Market Implications

Date: October 15, 2025

Presenters:

Mark Lightner, Head of Special Situations Legal Research, CreditSights

Jorge Tenreiro, Securities Litigation Partner, Bernstein Litowitz Berger & Grossmann

Winnie Cisar, Global Head of Strategy, CreditSights:

Davis Hebert, Co-Head of High Yield Research and Head of Telecom, Media and Technology, CreditSights

Scott Josefsberg, Head of US High Yield Research, Covenant Review

Kevin Grondahl, Senior Covered Analyst, Covenant Review

Join us for our topical webinar, “SEC Shifting to Semiannual Reporting Requirements? Legal Mechanics, Covenant Considerations, and Credit Market Implications.” This webinar will be hosted by Mark Lightner and features expert insights from Jorge Tenreiro, Securities Litigation Partner at Bernstein Litowitz Berger & Grossmann, Winnie Cisar and Davis Hebert from CreditSights, and Scott Josefsberg and Kevin Grondahl from Covenant Review. Together, the panel will explore the SEC’s potential move to semiannual reporting requirements and what that means for the credit markets.

The SEC is considering a significant shift from quarterly (10-Q) to semiannual reporting. This webinar will cover the legal and enforcement mechanics of this potential change, discuss possible implementation timelines, and explore the impact on bond and loan covenants (IG and HY), including potential effects on the broadly syndicated loan (BSL) market. The conversation will also address broader strategic and market implications for credit investors and issuers.

Webinar Topics:

  • Overview of potential SEC proposal and its potential impact
  • Key legal and regulatory considerations
  • Implications for credit markets and on IG and HY covenants
  • Global perspectives and practical effects for issuers, investors, and market participants

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