‘Mezz without covenants is an aberration’
Panellists and delegates at PDI’s Capital Structure Forum in London this week agreed that covenant-lite deals have no place in mid-market lending. Why, then, are cov-loose agreements on the rise?
Panellists and delegates at PDI’s Capital Structure Forum in London this week agreed that covenant-lite deals have no place in mid-market lending. Why, then, are cov-loose agreements on the rise?
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