Leveraged finance covenants have adapted to the pandemic in ways that were expected and unexpected. In this podcast, Shweta Rao, Head of EMEA Covenants at Reorg, had a wide-ranging conversation with European Leveraged Finance/Capital Markets partners Alexandra Grant and Rebecca Marques.
Topics included:
- The impact of Covid-19 on terms in leveraged finance documents, how these terms adapted and (counter-intuitively) got even looser in primary high-yield and leveraged loan documents;
- Key covenant developments this year - the obvious and the more obscure areas of documentation that investors need to watch out for;
- The encouraging rise of ESG and ways of incorporating it into leveraged finance documents; and
- The outlook and direction of travel for documentary terms in 2021.
This latest instalment of the Covenant Conversations podcast is available on Reorg, SoundCloud and iTunes.
