Working on a multi-week case study for an opportunistic credit with a relatively complex capital structure.
Curious what is recommended for summarizing and analyzing covenants?
Major pitfall is that I only have access to Capital IQ and Bloomberg at the moment. I notice from time to time that indentures are attached to some of the 10Qs, presumably as a result of revisions. Presumably I will need to go through those and hope that I am reviewing the latest version?
Not sure what is the point of this exercise given that everyone uses third-party venders.
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