Industry publications are highlighting the issue of unacceptable covenant protection for secured lenders.
FridsonVision LLC, publisher of Leverage World®, has generously granted us permission to republish some of its recent reporting on this troublesome topic:
Leverage World (February 8, 2008)
Bank Loan Report and High Yield Report also reported on the disconcerting lack of collateral protection in secured loans in their February 25, 2008, issues. For a complete copy of the article (which was identical in both publications), click on the links below:
Bank Loan Report (February 25, 2008)
High Yield Report also published the same article in its February 25, 2008, edition:
High Yield Report (February 25, 2008)