DATE: Wed, Jun 24, 2020 2:30 PM – 3:20 PM EDT
After the term sheet is finalized, you need to negotiate the best possible covenants for your company. We will show you how to do this by covering:
• The outside resources you must have to even the odds against your bankers • Using a deal document to track the progress of your negotiations – and to explain the deal to your CFO and Board
• How to write covenants to lower default risk: the critical defined terms, basket limits, thresholds, grace periods, compliance frequency, your ability to comply, and defining knowledge and notice of a covenant violation
• Minimizing the consequences if you do default • The different negotiating objectives for investment and speculative grade companies
• How to manage the inevitable post-closing negotiations
All registrants will receive a copy of the deck plus a Word deal document with instructions on its use.