Alice Holian

Jan 14, 2025 | 9fin.com | Alice Holian

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Jul 18, 2024 | 9fin.com | Alice Holian |Chris Osborne

News and AnalysisAlice Holian+Chris Osborne18 July 2024•13 min readThe signs of a bullish market are in the numbers (and covenants!). Although the highs of 2021 have not been matched (yet), H1 24 has certainly given it a run for its money and with no signs of the market slowing down, covenants continue to loosen. Whilst refinancings once again continue to drive the market, LBOs and other new money deals have started to creep in suggesting confidence is returning to the market.

Mar 4, 2024 | 9fin.com | Alice Holian |Chris Osborne

News and AnalysisAlice Holian+Chris Osborne4 March 2024•20 min readIn 9fin's annual European high yield bonds covenant trends report, Alice Holian and Chris Osborne focus on the core restrictive covenants in bond documentation, and analyse the way certain terms were trending. We start by looking at capacity based on transaction purpose, before considering other hot topics like EBITDA caps, portability, J. Crew blockers, RP builder baskets and structural subordination.