Course description
This live and interactive online course will explore the different kinds of financial covenants, their purpose, how they are tested and their impact on a borrower's business.
Presented by expert banking lawyer Lynn Cantwell, the topics covered will include the reasons for including financial covenants (knowing a borrower's business, monitoring the financial health of a borrower and the value of a lender's security package), and the purpose of different financial covenants (specifically in relation to loan to value, interest cover, debt service cover, leverage, gearing and capital expenditure).
Testing financial covenants (provision of financial information, compliance certificates, relevant periods, potential breach and curing a breach), and the practical implications (financial reporting, exceptional items and plans for growth) will also be discussed.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This live broadcast session will provide an introduction to the different kinds of financial covenants and their purpose and well as how financial covenants are tested under English loan agreements (and LMA documentation in particular) .
The reasons for using financial covenants and their impact on a borrower's business will also be covered.
What You Will Learn
This live and interactive broadcast will cover the following:
Part 1 - Reasons for including financial covenants
- The value of financial covenants in really knowing a borrower's business
- Monitoring the financial health of a borrower
- Monitoring the value of a lender's security package
Part 2 - Different financial covenants
The different financial covenants, their purpose and when they might be used, specifically in relation to:
- Loan to value
- Interest cover
- Debt service cover
- Leverage
- Gearing
- Capital expenditure
Part 3 - Testing financial covenants
- Provision of financial information
- Compliance certificates
- Relevant periods
- Potential breach
- Curing a breach
Part 4 - Practical implications
- Financial reporting
- Exceptional items
- Plans for growth
Expenses
MBL Seminars Limited
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