X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

So-called “covenant-lite” loans have long been a presence in the syndicated lending market. Total issuance in 2007, just before the credit markets came to a standstill, was approximately $100 billion.1 But although covenant-lite loans receded, along with general lending, during the Great Recession, contrary to the predictions of many market observers, they have since resurged, with $151 billion in issuance in the United States in the first seven months of 2013,2 after $29 billion was issued in the first seven months of 20123 and $86 billion was issued in all of 2012.4 Covenant-lite loans have represented about 23 percent of total leveraged loan issuance in the United States so far in 2013 and about 37.6 percent of loans held by institutional investor lenders.5

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.