Getting up to speed on leveraged finance doesn’t have to be overwhelming. 9fin’s legal team has distilled years of expertise into a five-part series designed to help you understand the LevFin jargon — from builder baskets to J.Crew blockers.

● Part 1 — Junk debt — Good thing I have all these protections, right?
Why certain debt has covenants and practical tips on how to approach and analyse a covenant package

● Part 2 — Prime prevention — The debt and the liens covenant
What the debt and liens covenant attempts to prevent and how there are sometimes loopholes around it

● Part 3 — Only spend money on these 45 things — The restricted payments covenant
How to think about a restricted group and why debt holders want to keep value in the group

● Part 4 — Where did the crown jewels go? — The asset sale covenant
What constitutes an asset sale, how to use those proceeds, and how a whole covenant package fits together

● Part 5 — When do I get my money back? — Maturity, redemptions and offers
Various provisions that impact when and how certain debt may be repaid

Access the recording for Part 1 now — then get all five recordings sent directly to your inbox as they become available.