This chapter explores how companies can effectively utilize revolving credit lines during financial uncertainty, emphasizing the strategic use of grower baskets based on assets and EBITDA. It also discusses important considerations regarding representations and warranties in the context of banks' reactions to fund withdrawals amidst adverse claims.
Introducing Reorg’s newest podcast: Covenant Conversations! Join hosts Shweta Rao and Peter Washkowitz as they delve into the complex world of covenants -- from global trends to semantic granularities, this wide-ranging podcast will provide listeners with information on covenants they may not even know they need. In this inaugural episode, Peter and Shweta discuss the increasing frequency with which companies are accessing their revolvers in order to preserve liquidity amidst a massive spike in global volatility caused by coronavirus.
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