If the loan was not cov-lite, it is likely that Weight Watchers would have defaulted

By Thomas Majewski, Eagle Point Credit Management

Cov-lite loans have negative connotations, but they will enable some companies to trade through a bad patch and return to health


Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: CLO Eagle Point Leveraged loans North America