Let There Be Lite: There’s a Whole Lotta Stretching Going On in Today’s Market
Marc D. Young in the Commercial Observer
Press Mention
12.12.19
Commercial Observer (December 12, 2019) Covenant-lite loans: Financing with fewer lender protections and fewer borrower restrictions. Weren’t they part of the problem say, oh, 13 years ago? Well, they’re ba-aack… Indicative of the heightened bargaining power they have in today’s competitive lending market, borrowers are unabashedly pushing back on the protective covenants that keep lenders sleeping easy at night, panelists at Commercial Observer’s Second Annual Fall Financing conference in L.A. said. And, they’re doing it successfully. Read More
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