This chapter features a discussion between the host and partners from Morrison & Forrester about the complexities of covenant flexibilities in financial documents amid current economic challenges. The conversation explores how organizations seek liquidity and the strategic approaches lenders can adopt to assist them.
In this episode, Reorg's Shweta Rao speaks with Morrison & Foerster’s debt finance partners Benoit Lavigne and Matthew Dunlap about a forensic analysis of creative documentary flexibilities that can be utilized in stressed situations new legal issues arising in covenant waivers, amendments and PIKing interest, pandemic-related documentary changes and a forecast for Covid-19 related covenant evolution in leveraged finance.
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