Credit agreements typically contain maintenance or incurrence covenants that require a borrower to meet certain financial ratios and metrics. What happens when the accounting standard changes in ways that can have a meaningful impact on these financial metrics? Currently, companies are dealing with several significant revisions to the GAAP accounting standard, namely in the areas of revenue recognition and lease accounting. Presented by Howard Friedman, Partner, PricewaterhouseCoopers LLP, Kenneth Steinberg, Partner, Davis Polk & Wardwell LLP, and Ramya Tiller, Partner Debevoise & Plimpton LLP.