The changing nature of the disposals covenant on European leveraged financings: should you go LMA-style,high yield bond-style or mix it up?

The changing nature of the disposals covenant on European leveraged financings: should you go LMA-style,high yield bond-style or mix it up?

In this article, Anne Cathrine Ingerslev is a partner at Plesner Advokatpartnerselskab considers the changing nature of the disposals covenant on European leveraged financings in recent years. Different approaches to the structure and legal drafting are discussed in the context of a simplified distinction between an LMA-style disposals covenant and a high yield bond-style disposals covenant.

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.