Definition of Covenant-lite loan - Finance dictionary
Covenant-lite loan
A loan with very light Covenants or no Covenants at all. Also called cov-lite loan.Their development usually goes in hand with increase Leverage and an overheating of the loan markets as in 2007
Covenant-lite loan
A loan with very light Covenants or no Covenants at all. Also called cov-lite loan.Their development usually goes in hand with increase Leverage and an overheating of the loan markets as in 2007
A loan with very light Covenants or no Covenants at all. Also called cov-lite loan.Their development usually goes in hand with increase Leverage and an overheating of the loan markets as in 2007