Structuring Financial Covenants in Loan Documents: Purposes, Types, Definitions, and Uses
Stacie Cargill presented on key considerations in negotiating EBITDA definitions and related financial covenants in commercial loan documentation. The webinar explored current trends in EBITDA drafting, financial covenants and events of default provisions, highlighting how carefully structured credit agreement terms can provide borrowers with operational flexibility while preserving appropriate lender protections. Stacie also discussed the importance of clear, strategic drafting to help minimize disputes and better position parties throughout the life of a lending relationship.