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Covenants: Covenant Analysis Amid the Coronavirus Scramble to Preserve Liquidity (March 24, 2020)

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Strategic Credit Management During Financial Uncertainty

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.

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