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. Our panel of lending and accounting experts:

  • Outlined the recent GAAP changes
  • Highlighted the potential impact that these changes may have on financing agreements and the parties in loan transactions
  • Discussed the ways in which credit agreements can be drafted to deal with these changes and adapt for future changes


Wednesday, November 14, 2018
4PM to 5:15PM | Webcast Only
1.5 CLE Credit Hours | Available for NYS Transitional and Non-Transitional – Areas of Professional Practice.


  • Howard Friedman, Partner, PricewaterhouseCoopers LLP
  • Kenneth Steinberg, Partner, Davis Polk & Wardwell LLP
  • Ramya Tiller, Partner Debevoise & Plimpton LLP
  • Bridget Marsh, LSTA, Intro

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