@Rorschach88
Incorrect.
A debt covenant stipulates what happens after a loan is granted - I.e what you cannot do and what you must do - repayment terms etc..
LTR is in the unfortunate situation of now having to evidence (via an independant expert) that it’s financial and project metrics are sound BEFORE any loan is granted.
Very different.
DYOR IMO
@Rorschach88Incorrect.A debt covenant stipulates what happens...
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90.5¢ |
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