covenants
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Aug 5, 2025 by Andrew Milgram · across every show →
Everything said about covenants, oldest first
Aug 5, 2025 negative
Milgram: Wider covenants mean distressed companies require bigger operational turnarounds
“Today, covenants are much more, much wider, and as a consequence, when you violate a covenant or get to a place where you need to restructure one way or another, the business is just worse off generally and needs a much bigger operational reworking.”