The 2026 Covenant Crisis: Inside the Secret War Over LBO Debt
Picture this: a high-stakes poker game where the chips aren’t just plastic—they’re multi-billion dollar companies. In the world of leveraged buyouts (LBOs), the real action isn’t in the purchase price, but in the fine print of the debt covenants. These are the rules of the road that dictate what a company can and cannot do while it owes a mountain of cash to lenders. Lately, […]