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Covenants: A Conversation with Muzinich & Co’s Senan Kiran (July 7, 2020)

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The Art and Science of Pricing Covenants in a Changing Market

This chapter delves into the intricacies of pricing covered interest and how market conditions affect covenant flexibility. It highlights the challenges companies face in adjusting their EBITDA calculations amidst the financial impacts of COVID-19 and the difficulties in determining normalized levels during economic uncertainty.

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