Understanding Covenant Not to Execute in Insurance Claims

Discover how a covenant not to execute impacts insurance claims, its strategic use, potential challenges, and examples to ...
JD Supra

Resolving Financial Covenant Defaults in Revolving Lines of Credit: Real-World Strategic Considerations for ABL Borrowers

The scenario is common enough: following a slow quarter, a borrower misses a debt service coverage ratio (DSCR), fixed charge coverage ratio (FCCR), or other financial covenant test required under its ...
JD Supra

Private Credit Deep Dives – Dodgy accounting or financial covenant breach (Europe)?

Over the past year, we have observed a marked increase in Events of Default (“EoDs”) arising from financial underperformance in the European mid-market. This trend is largely attributable to the ...

12 Key Insights for Analyzing Financial Statements Effectively

Learn 12 essential things about financial statements that investors need to know. These insights can guide smarter investment ...
Nasdaq

DiamondRock Hospitality Company Successfully Secures Financial Covenant Waivers For Credit Agreements

BETHESDA, Md., June 10, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in ...
JournalofAccountancy

OCBOA Financial Statements

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...
Business Wire

RLJ Lodging Trust Successfully Secures Financial Covenant Waivers for Credit Agreements and Provides Update on Hotel Re-openings

BETHESDA, Md.--(BUSINESS WIRE)--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that it has amended its $1.8 billion Senior Unsecured Credit Facilities comprising a $600 million ...