Resumen de European cov-lite heats up as regulators stay quiet.
The article focuses on an increasing volume of European loans that are adopting U.S.-style covenant-lite (cov-lite) terms. Topics discussed include a loan backing the buyout of French pet pharmaceutical company Ceva Sante Animale in May 2014, the European regulators' silence on the development, and concerns raised by some lawyers that terms are slipping.
