Prof. Jack Williams participates in ABI Panel on Covenant lite structures

Hear from Prof. Jack Williams as he participates in a panel discussion at ABI's annual spring meeting, April 11-14, 2019.

The panel will discuss the covenant-lite structure of today, what the documents really say, who benefits and who gets hurt, and who influences the structure and outcome. Neiman Marcus, J.Crew, PetSmart and BC Partners are recent examples of how borrowers have been using relaxed credit agreements and bond covenants to “strip” assets from the collateral/asset pools that lenders think secure them.

> Visit ABI's website to learn more and access event materials.