A forecast breach of a financial covenant is often an early warning sign that a business is not performing to plan. Unless self-help remedies are open to the borrower, lenders will have an opportunity to ‘get around the table’ and have their say on what happens next. The current macro-economic and interest rate environment is resulting in an increase in PE-owned businesses finding themselves in this situation.
Download our latest briefing to explore the legal drivers and pitfalls when handling an impending financial covenant breach.
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CMS Briefing: impending financial covenant breach
