‘Covenant Lite’ loan deals – a detailed note

A number of clients have asked us about ‘covenant lite’ leveraged loans. Our view is that the financial press has in some cases been misleading investors regarding what cov-lite actually means, and we thought it would be helpful if we put together a detailed note that explores some of the issues surrounding cov-lite leveraged loans for readers who are interested in learning more. Click here to download our short note on covenant lite leveraged loans.


The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

Dan Gardner

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