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.
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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.
High-yield fund managers
Leveraged finance lenders
Investment banking advisors
Other finance professionals with an interest in bond documentation
This is a sample only. Upon request, Moody’s Analytics shall provide an invitation letter for those attendees who require a visa. You can request the visa invitation letter via email to firstname.lastname@example.org only after your registration for the respective course is completed and the proof of payment is attached in the request email.