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Search Tag : cov-lite
Asset Transfers Reduce Recovery
Much to the chagrin of debt investors, asset transfers are growing in popularity for distressed borrowers of covenant-lite debt. Sen...
cov-lite
J. Crew Avoids Bankruptcy Due to Cov-Lite Loan
An article in the WSJ describes how J. Crew managed to avoid bankruptcy by taking advantage of covenant-lite loan documents:
bankruptcy
cov-lite
CLOs and Covenant-Lite Loans
An article in Barron's argues that the final straw pushing the US into recession will be the recovery rates available to creditors. ...
cov-lite
Cov-Lite Loans Reduce Value / Appeal
An article in the WSJ provided a fantastically concise and simple explanation of the danger cov-lite loans pose for investors:
cov-lite
The Corona Clause
An article in the FT reports that private-equity backed packaging manufacturer Pacur recently executed a loan document with a novel ...
cov-lite
debt
Money pours into private debt funds.
Demand for yield and floating rate securities is causing money to pour into private debt funds at a potentially alarming pace. Per a...
cov-lite
debt
debt funds