Amendment and waiver requests from borrowers during the pandemic highlighted the risks that current reporting obligations pose for investors, according to the European Leveraged Finance Association (ELFA) and international law firm, Akin Gump.
London, 16 March 2022: The European Leveraged Finance Association (ELFA) has lobbied for disclosure on reverse factoring and calls for further disclosure agreements to protect investors. In its Insights report published today, Reverse Factoring: A blind spot for investors, ELFA highlights how a lack of transparency in borrowers’ use of reverse factoring facilities can hide potential risks for investors.
The European Leveraged Finance Association (ELFA) is today publishing new questionnaires on ESG provisions in both leveraged loans and high yield bonds in response to demand from investors for greater transparency on the key aspects of these terms. The tools form part of ELFA’s New Deal Disclosure Questionnaire Series.
The European Leveraged Finance Association, today announces results from its investor survey on covenant transparency. The survey was conducted in conjunction with a public consultation on proposed best practice guidance for disclosure on covenant calculations.
Related survey solicits investors’ views on materiality of covenant capacity, incorporation with ESG frameworks
The ELFA COVID-19 Reporting Best Practice Guide is designed to support investors and companies ahead of a critical reporting period in which COVID-19 disruption has had an unprecedented impact.
Join us and our partners at 9fin for a discussion on investor hot topics in European leveraged loans, how they may differ in the US market, and where investors are having most success pushing back against some of the more aggressive features.
Our 2022 ELFA Academy, aimed at interns and other junior members, will take place on Thursday 14th July and Friday 15th July. The sessions will cover an introduction to the financial industry, an overview of High Yield (and related covenant analysis), and also purpose-built case studies.
The longest-running global event for ESG in private markets, the Responsible Investment Forum: Europe, will bring together 300 attendees in London on 16-17 November.
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