Our Legal Insights Blog

A borrower’s ownership is a fundamental aspect of the risk assessment for any lender. A company’s operations are determined by those with controlling ownership interests, and as such both high yield bonds and leveraged loans contain contractual provisions relating to a “Change of Control”.

We recently hosted the first of our live events for students, which work alongside our online platform to keep our material up-to-date, incorporate new topics and feature guest speakers.‍ The topic was timely – Key Covenant Risks in Distress – and Houlihan Lokey joined us to share perspectives from the front lines of financial restructuring.

Shortly we will be adding a new chapter to our core Leveraged Finance Covenant Training curriculum teaching students how to analyse covenants when a borrower is in distress.

At Fox Legal Training, we believe that making legal concepts easy to understand is the key to our students’ success. At the end of the curriculum for each covenant that we cover in our Leveraged Finance Covenant Training, we sum up learning in a digestible “Step-by-Step” lesson, taking our students through the analysis step by step.

Through progression of our mission to expand the knowledge of covenants and legalese across the leveraged finance industry, we are proud to now have over a hundred active learners. From this pool of active learners and industry guests at our London events and workshops, we have started to consolidate our understanding about the current state of covenant education.

We work hard to ensure that our Leveraged Finance Covenant Training course is relevant and useful to anyone working in the leveraged finance market, from credit analysts to traders to lawyers and others. We recently received accreditation from the Illinois MCLE Board, which means that our course now qualifies for seven hours of continuing legal education credit.

Introducing our new certification badge that you’ll be seeing around LinkedIn from now on! We are delighted to be awarding covenant analysis certifications to the first cohort of students matriculating from Fox Legal Training’s Leveraged Finance Covenant Training course.

Understanding the myriad ways your debt could get primed is essential to effective credit analysis. This is why we cover subordination in such granular detail in our Leveraged Finance Covenant Training, as illustrated by this video lesson we've shared direct from our online curriculum.