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Find a Course Near You

Oct 11

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This one-day course will review and analyze the key covenants used in high-yield bond documentation.

Course Agenda

    Whether representing investor or issuer interests, attendees will become familiar with the purpose and structure of high-yield bond covenants through the use of tools and real-life examples. We will focus on recognizing the strengths and pitfalls of covenants and how creative drafting of covenants and definitions can enhance or weaken a covenant’s intent.

Gain insights into high-yield bond covenants so you can:

  • Understand the purpose of each of the key high-yield bond covenants.
  • Analyze and summarize key covenants with an increased ability to focus on material issues.
  • Recognize, describe, and assess restricted payments and debt incurrence covenants by analyzing their component parts.
  • Determine the level of subordination risk inherent in a structure.
  • Analyze covenants individually and as a covenant package to assess the overall quality of investor protection.

Who Attends?

  • High-yield fund managers
  • Bond analysts
  • Leveraged finance lenders
  • Investment banking advisors
  • Other finance professionals with an interest in bond documentation
2018 Course Dates and Locations

Find a Course Near You

Oct 11