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...Sabrina Fox is founder of Fox Legal Training....
...The writer is founder of Fox Legal Training Much ink has been spilled about the degrading quality of investor protections in high-yield bond and leveraged loan agreements, also known as “covenants”....
...Fox’s Marlow is wonderfully funny: a quivering jelly in polite conversation with real Kate; a pouting peacock with Kate the “barmaid”....
...“When you’re looking at coronavirus, these revenues will never come back; it is literally a fiction,” said Sabrina Fox, executive adviser at the European Leveraged Finance Association....
...“Fundamental investor rights are being infringed,” said Sabrina Fox, executive adviser at Elfa. “It’s just awful.”...
...“If a company adds back revenue in order to calculate its capacity to add debt, it’s calculating it on a false profitability,” said Sabrina Fox, executive adviser at Elfa....
...Or the NFL on Fox Vaccine. Cheers to a happier, healthier 2021....
...Sabrina Fox can pinpoint the moment she decided that fund managers needed more help fighting back against flimsy investor protections in risky bonds....
...“This sends a clear message that issuers should not expect to achieve the same covenant flexibility available to the market last year,” said Sabrina Fox, co-head of European research at Covenant Review,...
...“We have been warning investors that bond documents are making it easier for companies to pay their shareholders dividends,” said Sabrina Fox, co-head of European research at Covenant Review....
...It is a view echoed by Sabrina Fox, co-head of European research at the credit research firm Covenant Review....
...“The traditional contract between private equity sponsors and high-yield bond investors is being shredded if this consent solicitation goes through,” said Sabrina Fox, co-head of European research at the...
...“This carve-out represents another sea change in the erosion of European covenant protections,” said Sabrina Fox, co-head of European research at credit research firm Covenant Review....
...Sabrina Fox, Covenant Review’s co-head of European research, told the Financial Times that as more US issuers tap the euro bond market, European investors needed to be more aware of aggressive “US sponsor-style...
...“This is an important win for investors in Europe — not only because it eliminates a very significant risk of value loss for this specific credit but also more broadly,” said Sabrina Fox, co-head of European...
...“European investors are either unaware or unable to push back,” says Sabrina Fox, an analyst at Covenant Review, which examines covenants for institutional investors....
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