Tom de la Bastide and Margot Wagner Publish 2025 Update to Covenant-Lite Loan Explainer in Practical Law

Corporate partner Tom de la Bastide and practice management counsel Margot Wagner co-authored an update to an article in Practical Law explaining the typical features of covenant-lite loans, a borrower-friendly type of loan found in certain leveraged financings. In “Covenant-Lite Loans: Overview,” the authors detail various covenant-lite loan provisions and structures, as well as the pros and cons they pose for borrowers and lenders.

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