Covenant-Lite Loans Hit Europe, But Will They Stick?

Iyer, Savita
May 2007
Investment Dealers' Digest;5/7/2007, Vol. 73 Issue 18, p8
Trade Publication
The article focuses on the trend of the emergence of the covenant-lite loans in Europe. It is stated that several financial firms had launched the practice of such loans in the country. Charlotte Conlan, head of leveraged syndications at BNP Paribas in London, England, states that the country's fund market is very robust and the practice will succeed. In contrast, many analysts believe that the phenomenon may be short-lived and will cease to exist when the credit cycle turns.


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