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Americas Core Credit: Webinar Replay - Covenants 101: Value Leakage (Oct. 29, 2021)
Reorg Radio
Proceeds Baskets and their Significance
19min Snip
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This chapter provides an explanation of the proceeds basket in debt documents and its significance in determining the value of the picture. The speaker discusses how the proceeds basket allows for the transformation of baskets used for investing in non-guarantors restricted subsidiaries into general purpose baskets.
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