We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Enough rope

19 March 2007

Easy terms on LBO loans will give fundamentally strong companies extra breathing room to ride out economic downturns. But those with serious problems could use this flexibility to delay tough decisions, increasing the risk they will eventually default. Socalled "covenantlite" LBO loans will give fundamentally strong companies extra breathing room to ride out an economic downturn.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)