Private Equity ’s Crafty Lawyers Offer Universal Lessons

As ultra-cheap money drove a manic hunt for yield, debt investors competing for a piece of new deals accepted ever-weaker safeguards in loan contracts. These are the covenants and secure claims to collateral that help lenders recover their money when overleveraged businesses get into trouble. Now…#kirklandellis #jcrew #warrenbuffett #lloydsoflondon
Source: Reuters: Health - Category: Consumer Health News Source Type: news