Levfin investors band together against borrower domination

Investors in the leveraged finance market established a new trade body this week, giving them the chance to push back against aggressive covenant terms, and offering an alternative forum to the Association for Financial Markets in Europe, increasingly dominated by the sell side following a mass walk-out by the buy side last year.

  • By Victor Jimenez
  • 10 Jan 2019


The new group, the European Leveraged Finance Alliance, has been set up under the umbrella of Afme, but with a fiercely independent remit. It will be headed by Sabrina Fox, who joins from Covenant Review.

Fox has been one of the loudest voices drawing attention to the erosion ...

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