Covenant-Lite Loans Overview (May 19 2021)

This Note explains the typical features of covenant-lite loans and examines the benefits and drawbacks of covenant-lite loans for borrowers and lenders.

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Covenant-Lite-Loans-Overview-May-19-2021.pdf

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Term SOFR: Loans, CLOs in Scope!

By Meredith Coffey. This morning, the ARRC released best practice recommendations for the use of a SOFR Term Rate.