ELFA Key Covenant Questionnaire
The Disclosure Committee, on behalf of the Board, developed the ELFA Key Covenant Questionnaire above for investors as a tool to encourage engagement by market participants on covenant terms during roadshow meetings. The Questionnaire is the first initiative of the ELFA Diligence series, under which we will publish tools to facilitate investors’ engagement with issuers on covenant risk.
The purpose of this tool is to encourage disclosure of, and facilitate discussion about, key covenant metrics, and to highlight the intentions of the issuer with respect to ongoing reporting.
We will continue to develop tools and make them available to our members and the wider market under the ELFA Diligence series – it is just one of the many ways that ELFA is working to strengthen the resilience of the European leveraged market by facilitating active and effective engagement among market participants.
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