Covenants: Initial Thoughts on Carnival's Newly Announced 2L Note Issuance (July 14, 2020)

00:14:25

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The Covenants and Americas Core Credit teams discuss Carnival’s new second lien notes, focusing on a mechanism that could cause a portion of the new notes to become unsecured. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.