Exploring the effects of relief programs on middle market companies, from PPP to Main Street Lending, and the adjustments required in financial covenants to adapt to unexpected assistance.
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.