Leveraged finance recent developments, opportunities and risks

Research output: Contribution to journalArticleScientificpeer-review


Reviews the operation of leveraged finance documentation (LFD), the opportunities it offers, and whether it poses risks to financial stability. Examines the requirements of LFD, its use of financial covenants, and the role of the leverage, cashflow cover, and capital expenditure tests. Discusses trends in LFD, including the growth of "covenant-loose" documentation and unitranche financing, and notes key features of European Central Bank guidance.
Original languageEnglish
Pages (from-to)179-184
Number of pages6
JournalJournal of International Banking Law and Regulation
Issue number6
Publication statusPublished - 2019


Dive into the research topics of 'Leveraged finance recent developments, opportunities and risks'. Together they form a unique fingerprint.

Cite this