Some corporations have turned to pricier term loans or new credit lines rather than tapping existing ones, typically to stay in the good graces of lenders as recession looms.
How regulatory and technological changes of the recent past have made the benefits more accessible to a broader swath of businesses.
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.
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