Covenant-lite: Difference between revisions
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'Covenant-lite' describes loan agreements which have relatively fewer and less onerous ('lite') covenants, typically to conform to other loans of the same borrower. | 'Covenant-lite' describes loan agreements which have relatively fewer and less onerous ('lite') covenants, typically to conform to other loans of the same borrower. | ||
Sometimes shortened to ''cov-lite''. | |||
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*[[Maintenance covenant]] | *[[Maintenance covenant]] | ||
*[[Springing covenant]] | *[[Springing covenant]] | ||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 06:26, 29 June 2022
Long term funding
'Covenant-lite' describes loan agreements which have relatively fewer and less onerous ('lite') covenants, typically to conform to other loans of the same borrower.
Sometimes shortened to cov-lite.
The origin of 'lite' is an intentional mis-spelling of 'light', used to describe lower-alcohol beers.
