Covenants: Covenant Analysis Amid the Coronavirus Scramble to Preserve Liquidity (March 24, 2020)
Octus Radio
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Liquidity Challenges and Revolver Drawdowns During Economic Downturn
This chapter examines the liquidity challenges faced by U.S. companies during an economic downturn, emphasizing their reliance on revolving credit facilities to enhance cash reserves. It also explores the implications of loan structures and covenants, particularly springing maintenance covenants, on financial leverage and stability.
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