This week we continue our conversation with Jessica Reiss and Justin Forlenza, attorneys with Covenant Review. Begun in 2006, Covenant Review is the world’s first boutique research firm focused on bond and loan covenants. Second of two parts – View part one The Lead Left: MFN is triggered if the company raises debt priced 50 bps from…
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Credit Hedge Fund Performance in 2016 YTD The first months of 2016 were characterised by continued market volatility, and credit-focused hedge funds recorded losses across all sub-strategies in January and February. However, as global turbulence has calmed moving into Q2, all sub-strategies have seen improved performing and posted three consecutive months of gains… Subscribe to
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
The campaign for the UK to leave the European Union has lost momentum with in the lead-up to Thursday’s vote, and the credit market has been re-pricing to reflect these developments. The UK’s five year CDS spreads, which had touched yearly wides off the back of the surging “leave” sentiment last week, have been the…
Survey: Where are we in the credit cycle? Thirty-nine percent of buyside and sellside institutions in the room at Fitch Ratings and Thomson Reuters LPC’s Loan & CLO Conference last Thursday felt that we are already headed into a correction and in the late stages of the credit cycle, up from just 4% in both…
Contact: Steven Miller smiller@covenantreview.com
The larger the borrower size, the more time lenders allow companies to realize synergies, and the greater the Ebitda adjustments. Source: Covenant Review
This week we chat with Jessica Reiss and Justin Forlenza, attorneys with Covenant Review. Begun in 2006, Covenant Review is the world’s first boutique research firm focused on bond and loan covenants. The Lead Left: It’s been a while since we first featured Covenant Review. Give us an update. Justin Forlenza: We’re an independent…