This chapter explores the complexities of debt incurrence, emphasizing priming debt and borrower tactics in challenging markets. It examines EBITDA adjustments and the impact of ongoing financial pressures, including the cycle of waiver requests influenced by the pandemic.
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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