Tagged with "private equity"

Disappearing Covenants In The Age Of Private Equity

Posted on June 6th, 2019 at 12:08 PM
Disappearing Covenants In The Age Of Private Equity

Bloomberg has published an article entitled, “The Birth and Death of Covenants.” The article highlights the latest trend in the tug of war between private equity firms and lenders.  That trend is to agree to weaker and fewer covenants, which generally make it easier for private equity firms and other equity investors to divest assets and possibly keep such assets out of the reach of lenders.

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