US vs. Europe: Key Differences in Direct Lending Financial Covenants
Maintenance vs Incurrence Covenants: US vs Europe Guide Financial covenants give lenders a formal moment to engage when performance drifts […]
Maintenance vs Incurrence Covenants: US vs Europe Guide Financial covenants give lenders a formal moment to engage when performance drifts […]
Maintenance Covenants in European Private Credit Maintenance covenants are regular, scheduled financial tests that a borrower must meet quarter after
Financial Covenants in Private Credit: 2025 Playbook Financial covenants convert operating data into early decision rights. They measure leverage, coverage,
Delayed-Draw Term Loans: Structure, Pricing, Control A delayed-draw term loan is a committed term loan you can pull after closing
Delayed Draw Term Loans: How They Work and When to Use A delayed draw term loan, or DDTL, is a
Delayed Draw Term Loans: Terms, Pricing, and Risks A delayed draw term loan is a committed term loan that a
Delayed Draw Term Loans: Sponsor Guide to DDTLs A delayed draw term loan is committed term debt sized and documented
Recurring Revenue Loans: Structure, Covenants, Pricing A recurring revenue loan is a first-lien credit facility sized against predictable subscription renewals
Recurring Revenue Loans: Structure, Pricing, Flips Recurring revenue loans are senior secured term loans underwritten on contracted annual recurring revenue
Recurring Revenue Loans: Structure, Pricing, and Risks Recurring revenue lending is senior secured debt sized and governed off contracted, repeatable