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Podcast: Octus Radio
Episode: Americas Core Credit: Webinar Replay - Covenants 101: Value Leakage (Oct. 29, 2021)
Description: On this weekโs podcast our Americas Core Credit team replays our Covenants 101 webinar from earlier in the year discussing sources of potential value leakage. Topics include an overview on value leakage, including dividends, transfers to nonguarantor restricted subsidiaries and transfers to unrestricted subsidiaries, discussions on previous transactions done by PetSmart, J.Crew, Claireโs and Neiman and demonstrating how to calculate value leakage in debt documents.
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