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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 400676
 
Credit & Course Provided by:

Drafting and Negotiating Financial Covenants

Live Webinar
August 29, 2017
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart

Gain an understanding of the most used financial covenants, their purpose and when and how they are tested and calculated.

This topic will begin with an overview of financial covenants including what a ‘covenant' is and why banks and other institutions utilize covenants. We will then review ‘common types' of financial covenants including the Current Ratio (liquidity), Debt to Equity Ratio (leverage), and EBITDA (cash flow) calculations. We will also discuss additional financial covenants including Times Interest Earned (TIE), Net Worth (including tangible net worth), and the Borrowing Base Certificate (BBC). The content will cover drafting or creating financial covenants and negotiating, setting, and monitoring the covenants. It will then explore the breaching of financial covenants and the institution's recourse when a covenant has been exceeded. Case studies will be used to illustrate the material's concepts.

Learning Objectives

  • You will be able to review financial covenants including what a covenant is and why they are used.
  • You will be able to identify additional financial covenants including those dealing with Times Interest Earned (TIE), Net Worth, and the BBC.
  • You will be able to discuss creating, negotiating, setting, and monitoring financial covenants.
  • You will be able to explain the institution's recourse when a covenant has been broken.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart