A one-stop shop for all your restructuring needs 

Distressed and Restructuring

New deal analysis & covenant comparison tools, understand key risks in seconds not days.

Covenants

Benchmark prior transactions, bonds, loans or company profiles using over 300 credit metrics.

Comparables

We've successfully predicted more than 40 price sensitive events - before they happened.

Deal predictions

Full Financial profiles with 3 statements, KPIs, segment splits & credit metrics. All traced to source documents.

Financials

We use AI to aggregate newsflow from 2,000 sources, and deliver it to your inbox quicker than anyone else.

News

A full suite of ESG data and analysis. Built for your workflow

Say goodbye to CTRL + F with our powerful search. Thousands of documents text searchable for any keyword or phrase.

Search

Runa Soberg

Today we’re excited to launch the latest addition to the 9fin Legal product offering, our Covenant Pushback Tracker.

With this tool you can easily track and review every material change made during the marketing of European HY sponsor deals in 2021 and 2022.

Our Covenant Pushback Tracker can help you:

Rapidly access an up-to-date and complete data set of successful pushback points

Review what similar terms or baskets received pushback on a covenant-by-covenant basis, for example, two deals removed their Available RP Capacity Amount while three had to tighten it

Explore all of the successful pushback on a specific point, and, with one click, review the actual language that changed, for example, in Arxada where no worse flexibility was removed in the Credit Facilities debt basket

Connect directly with our Covenant Explorer tool where you can see the side-by-side change in the prelim and final OMs.

See some of the analysis drawn from our Covenant Pushback tool where our legal team highlight main areas of pushback. 

Our analysis is focused primarily on sponsor deals as this is where terms tend to be more aggressive - resulting in the most pushback - but we have also included certain non-sponsor deals to the extent we are aware of material pushback. Any questions on specific deals or feedback on the Covenant Pushback Tracker can be sent to team@9fin.com.

Introducing 9fin’s Covenant Pushback Tracker

9fin team

ESG Wrap — Ofgem investigation threatens Drax's treedom, Delta Skelta of climate litigation

Josie Shillito

Jane Li

Taking the Credit — Do as Dechra does?

Laura Thompson

Ryan Daniel

LevFin Wrap — Primary paucity while Apollo hogs M&Asda financing

Nicolle Liu

Sasha Padbidri

US LevFin Wrap — MoneyGram goes to the wire, Aventiv goes to dial tone, defaults on the rise

Save time, pitch more efficiently, and win business.

Investment Banks

Turbocharge your trading desk P&L, with the market's fastest news alerts.

Sales & Trading

Save time, react faster to news, outperform your peers.

Asset Managers & Hedge funds

Spot novel covenants, save time drafting and win business.

Introducing 9fin’s Covenant Pushback Tracker

Read all our public content for free

Recently Published

ESG Wrap — Ofgem investigation threatens Drax's treedom, Delta Skelta of climate litigation

Taking the Credit — Do as Dechra does?

LevFin Wrap — Primary paucity while Apollo hogs M&Asda financing

US LevFin Wrap — MoneyGram goes to the wire, Aventiv goes to dial tone, defaults on the rise

What are you waiting for?

Cookies & Privacy