Why scrutiny of deal contracts can turn into ‘Whac-A-Mole’
In a podcast published this week, a leading covenant expert and lender representative insisted private debt has no room for complacency when it comes to fair documentation.
Expert analysis by Andy Thomson
“There must be a better way.” That’s the thought Sabrina Fox says she has harboured through a career that has put her in the middle of contracts drawn up between the buy and sell sides in the leveraged finance market.
Fox, who has for the past few years been chief executive officer of the European Leveraged Finance Association (having been with the organisation since January 2019), was...