Resumen de IFLR's guide to the global growth of cov-lite

• The article presents update on the growth of covenant-lite borrowing in the U.S. and Europe. Data presented shows the changes in structure and regulation of covenant-lite loans including the convergence of high yield bonds and covenant-lite terms, the changes to U.S. leveraged loan supervision, and the return on covenant-lite following an increase in lender flexibility. Also noted are the trends in the power of sponsors in determining protections and the link between financing and high yield