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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 405569
 
Credit & Course Provided by:

Drafting and Negotiating Financial Covenants

Live Webinar
March 25, 2019
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 cover financial covenants including what is a covenant and why banks and other institutions utilize covenants, common types of financial covenants including the current ratio (liquidity), debt to equity ratio (leverage), and EBITDA (cash flow) calculations, and additional financial covenants including Times Interest Earned (TIE), net worth (including tangible net worth), and the Borrowing Base Certificate (BBC). The information covers drafting or creating financial covenants and negotiating, setting, and monitoring the covenants and explores the breaching of financial covenants and the institution's recourse when a covenant has been exceeded. Case studies will illustrate this topic.

Learning Objectives

  • You will be able to review financial covenants including what is a covenant and why are they used.
  • You will be able to discuss the common type of financial covenants including the current ratio, debt to equity ratio, and EBITDA formulas.
  • You will be able to identify creating, negotiating, setting, and monitoring financial covenants.
  • You will be able to recognize the institution's recourse when a covenant has been broken.

Registration

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