Competition and Covenants: What's a Lender to Do?
August 10, 2017
Otterbourg partner, David Morse, in the opinion column "Revolver" for the July/August Edition of The Secured Lender discusses the challenges for a lender in today's competitive environment to understand the covenants that it is agreeing to and how it may lose the benefit of its bargain to finance a company that looks a certain way--if it is not careful in the crafting of those covenants. See the article here.