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covenant lite

Debt Covenants Explained: Affirmative, Negative, and Cov-Lite

September 14, 2026 by Bruno

AI-generated editorial image: An unbranded leather-bound corporate loan document resting on a quiet conference table with a brass paperweight and fountain pen

Understand debt covenants: affirmative vs negative rules, financial maintenance tests, debt-to-EBITDA math, and why covenant-lite loans dominate modern credit.

Categories Market Education Tags capital markets, corporate bonds, covenant lite, debt covenants, leveraged loans, private credit

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