A Solemn Vow – Inside Debt Covenants
The private equity industry opts for covenant-lite structures, i.e., lending without covenants as the pandemic COVID-19 weakens the covenant protection for lenders.
https://www.uspec.org/blog/a-solemn-vow-inside-debt-covenants
Tags: COVID-19, Coronavirus, Stakeholders, Private Equity Industry, Private Equity Firms, Private Equity Acquisitions, Debt Instruments, Debt Investments, Debt Financing, Debt and Covenants, Lenders in Private Equity Industry