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COVENANT LITE LOANS
Red flags against $1 trillion boom in ‘Leveraged Loans’Major investors are also starting to warn about the lending products and their associated weak lending standards.
What is covenant-lite loan?It is a type of loan whereby financing is given with limited restrictions on the debtservice capabilities of the borrower.
- E firms cash in on easy loans, raise risk for creditors: Moody's
Easy access to cheap money is helping pvt equity firms capitalize on their investments even in speculative-grade cos but investors in such ...
- Hedge funds see more credit slump
The worldwide slump in credit markets is likely to last for at least another year, triggering a reduction in leveraged buyouts.
- Lenders curb private equity ambitions
Private equity firms eyeing jumbo acquisitions in Asia are facing more demanding terms from their lenders, but fierce competition among ban...
- Junk bonds may repeat 2002 crash on LBO credits
Never have so many made so much money from junk bonds, and that worries Dan Fuss.Mr Fuss, whose $10.7 billion