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European Credit Documentation Trends: Covenant-lite or Covenant Empty?

May 20, 2014

By Paul Hastings Professional

Karl Clowry considers the recent developments in, and issues arising under, certain key covenants in European credit documentation in view of the widespread adoption of covenant-lite terms in the US leveraged finance market. This article first appeared in the May edition of the Butterworths Journal of International Banking & Financial Law.

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