Exploring the current dynamics between lenders and borrowers in mid-market financings, discussing strategies employed by lenders, sponsors, and private equity firms to navigate economic uncertainties, as well as the potential increase in defaults due to the pandemic.
In the seventh instalment of Reorg's new Covenants Conversations series, hosts Shweta Rao and Peter Washkowitz talk to Goodwin Procter private equity and debt finance partner Kristopher Ring about recent covenant changes in mid-market documentation, strategies employed by sponsors and borrowers to tide over liquidity crises and issues mid-market companies are facing in accessing government relief.