Although the use of liquidity covenants in distressed situations is a tried and tested approach by lenders, there is no “one size fits all” when it comes to the implementation of a liquidity testing ...

The scenario is common enough: following a slow quarter, a borrower misses a debt service coverage ratio (DSCR), fixed charge coverage ratio (FCCR), or other financial covenant test required under its ...

LONDON, April 1 (Reuters) - Newspaper publisher Mecom has announced a further extension to a covenant test date as part of ongoing talks with its banks, it said on Wednesday. Sign up here. The ...

LONDON, Nov 18 (Reuters) - Britain's biggest food manufacturer Premier Foods said on Tuesday it is paying its lenders a fee of 4.9 million pounds ($7.31 million) to postpone a key stress test of its ...

(Reuters) -Australian embattled casino group Star Entertainment Group said on Tuesday it has finalised discussions with lenders, securing a loan covenant waiver for September 30 under its syndicated ...