Companies that may require a loan modification in the next few months should be looking, right now, at exactly what covenant relief they will need, and what concessions lenders may demand in exchange.
The fund dropped below the required liquidity threshold during the March selloff, then bounced partway back—but will now be liquidated by July 10.
Covid-19 notwithstanding, three factors will continue to drive changes in the nature of corporate payments, and treasurers should begin to take action this year.
Treasury & Risk
Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!
- Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.