High-Yield Debt Covenants and Their Real Effects
收藏NBER2022-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29888
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资源简介：
High-yield debt including leveraged loans is characterized by incurrence financial covenants, or cov-lite provisions. A traditional loan agreement includes maintenance covenants, which require continuous compliance with the covenant threshold, and their violation shifts the control rights to
提供机构：
美国国家经济研究局
创建时间：
2022-03-01
