News and Analysis
The Debt Covenant (Part 1) - Ratio-nal Thinking (9fin Educational)
- Caitlin Carey
•13 min read
This is the first of a two-part series exploring the Debt covenant. This part focuses on the purpose and structure of the Debt covenant and the Ratio Debt basket. The second part will look at the Permitted Debt baskets, Debt re-classification provisions and certain other key considerations. The Debt covenant also needs to be considered alongside the Liens covenant, which will be the topic of a separate report.