Negotiating Leverage and Future Lending Relationships in Financial Agreements

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter delves into the dynamics of lender-borrower negotiations, the impact of strict borrower restrictions, and the importance of maintaining future lending relationships. It highlights the need for flexibility in agreements to revert to original terms under specific conditions, stressing the equal benefits for Private Equity firms in post-recovery agreements.

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.