Convenants on debt
Hello,
Very simply, could you tell me what the main covenants are for bank debt compared with subordinated debt (high yield, pik, etc.).
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Bank debt is too vague a term for us to help you.
Do you mean senior secured credit facilities and term loan As only? Or do you mean term loan Bs? Or do you also want to know typical covenant structure for bonds? And there is also a large difference in covenant packages for IG bonds vs HY bonds.
Put at least some effort into your post, otherwise how can anyone help you.
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