Demystifying High Yield Covenants with Sabrina Fox

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The Turnaround Podcast

Stephen Phillips

21 episodes

1 day ago

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

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Demystifying High Yield Covenants with Sabrina Fox

The Turnaround Podcast

46 minutes 13 seconds

1 year ago

Demystifying High Yield Covenants with Sabrina Fox

The Turnaround Podcast with Stephen Phillips, Episode 04

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Sabrina Fox, CEO of the European Leverage Finance Association and the founder of Fox Legal Training. Sabrina brings nearly two decades of experience in analyzing high yield covenants, initially as legal counsel and later as a covenant analyst and trainer.

Tune in to the episode to hear about:

* Sabrina's journey through the legal and financial sectors, leading to her roles in covenant analysis and the European Leveraged Finance Association.

* Insights into the evolution of covenant structures in high yield bonds and how they affect investor security

* Detailed discussion on the mechanics and implications of moving assets from restricted to unrestricted subsidiaries

* The concept of "value in a box" and how covenants aim to protect investor value within a corporate structure

* Current trends in the high yield market, including notable cases like J. Crew and Altice, highlighting the strategic use of covenants in financial restructuring

Learn more about Sabrina Fox:

* Connect with Sabrina on LinkedIn: https://www.linkedin.com/in/sabrina-fox-45b29b7b/

* Visit European Leveraged Finance Association‘s website: https://elfainvestors.com/

* Visit Fox Legal Training’s website: https://www.foxlegaltraining.com/

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About The Turnaround Podcast:

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/
* Website: https://www.freilibertas.com/founders-experience