Top 10 of 24 law firms for Financial Covenants, Contract Law | Southwark, London
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Financial covenants cover the terms in a loan or facility agreement that set financial targets, ratios and tests the borrower must meet. A solicitor in this area drafts, negotiates and reviews covenants such as leverage ratios, interest cover, liquidity and gearing, and helps structure baskets, baskets and baskets tests alongside baskets. They also prepare waivers, amendments and remedies procedures if a covenant is breached, and liaise with lenders and borrowers on reporting obligations and trigger events.
