Octus Radio Americas Core Credit: Covenants 101 - Redemptions and the Primary Market (Oct. 8, 2021)
Oct 11, 2021
Peter Washkowitz, Head of Americas Covenants team, discusses topics such as redemptions in the primary market, call protection, Dutch auctions, open market purchases of term loans, make whole payments, equity clawbacks, change of control provisions, and covenant analysis for primary investors.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 6min
Redemptions and Covenants in Primary Markets
05:30 • 18min
Options in the Primary Market for Buying Back Bonds
23:25 • 5min
Premium Redemption and New Debt
28:10 • 15min
Bond Redemptions, Change of Control, and Primary Analysis
42:58 • 5min
Importance of Most Favored Nation Protection in Bank Debt and Other Considerations in Primary Market Analysis
48:18 • 4min