Investors in high yield debt expect protections to be included in documentation in order to prevent bond issuers from taking certain actions that deteriorate credit quality. To this end, issuers agree ...

Videndum plc (the "Company") confirms that the March 2025 covenant test has been waived, and the Company expects to reset all future covenant tests ahead of announcing its results for FY24 at the end ...

Premier Foods Plc, owner of the Hovis bread and Bisto gravy brands, agreed with its lenders to postpone a financial covenant test until March. The lenders deferred a test due on Dec. 31 to March 31, ...