Fri 05/06/2022 11:11 AM
Covenants trends analysis from Reorg's teams in EMEA and the Americas.
In this week's covenant trends, we provide a brief overview of “J. Crew” blockers and the risks associated with their absence. For a discussion on how J. Crew provisions operate and how these provisions can be circumvented, please listen to our podcast primer
HERE.
What Is a “J. Crew” Blocker and Why Would Creditors Want It?
Noteholders and lenders have direct recourse to the assets of the borrower,...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.