Covenants in a credit agreement are a set of rules you agree to live by, which includes a set of things you will do (affirmative covenants), a set of things you won't do (negative covenants), a set of things you'll provide the lender (information covenants) and...
Credit Agreements Part 2: Know your Buckets
Credit Agreement Buckets that enable a borrower to have flexibility during the post close period are a critical element of your negotiated financing agreement. We'll cover all the ways that EBITDA can be defined (or at least the main "flavors") in another post...for...
Credit Agreements Part 1: Know your definitions
Credit Agreements. You might need a strong pot of coffee to do this, but the key to you mastering the credit agreement you live by starts with understanding the definitions section of the agreement. In this post, I'm going to cover some of the most common areas you'll...