Covenants Cheat Sheet US BSL DEBUT: Is This Basket Market or Aggressive? Now You Can Check  

  Legal Analysis: Ian Chin, Magnus Wieslander Legal Research: Angelo Filarmonico Data: Vesta Kaspute Relevant Item: US Covenants BSL Cheat Sheet (PDF)   Key Takeaways   Our debut Covenants Cheat Sheet for U.S. broadly syndicated loans gives users a summary of the range and median size of the most typical baskets found in U.S. BSLs over the last four-quarter period, drawn from Deal Term Analytics.   Market or aggressive? Now you can tell at a glance. The Covenants Cheat Sheet benchmarks U.S. BSL basket sizes and flags how common (or off-market) aggressive provisions really are.   Want this Cheat Sheet built around your deals? The Americas Covenants and Deal Term Analytics teams can produce a version scoped to your sector, your sponsors or your deals, and walk your team through what it shows. Contact us at [email protected].   This Covenants Cheat Sheet is intended to supplement our Covenant Analysis reports on U.S. BSLs. Users of our Covenant Analysis reports can easily compare proposed basket sizes in new primary deals against the overall market at a glance.   Armed with precise knowledge of the broader market, market participants can use the information to set proposed basket sizes and negotiate documentary flexibilities[...]