Resurgence Of Covenant Lite In EU — And What It Means

Law360, New York (July 6, 2015, 6:00 PM EDT) -- The recent uptick in covenant lite financings in the European leveraged loan markets has caused some in the investor community to express concern about what impact it will have when the debtor becomes distressed. This article examines the causes of the recent trend and dispels some of the myths about covenant lite in the context of a restructuring....

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