Webinar replay — Covenants series Part 3 — Only spend money on these 45 things — The restricted payments covenant
- 9fin team
The full replay of our webinar Only spend money on these 45 things — The restricted payments covenant is now available. Scroll down to request the recording.
If you missed parts one and two, catch up on the replays below:
- Part 1 — Junk debt — Good thing I have all these protections, right?
- Part 2 — Prime prevention — The debt and the liens covenant
In this third part of our five-part webinar series, our senior legal consultants Chris Osborne, David Califano and Nene Umoren talked about the restricted payments covenant. They helped break down how to think about a restricted group, why debt holders want to keep value in the group but also conversely why the company or shareholders might need to make investments or pay dividends outside the restricted group.
See you in part four ‘Where did the crown jewels go? — The asset sale covenant.’
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