Presentation That Pays (Leveraged) Dividends

Create a presentation describing whether (and how) a debtor can declare a dividend or make a restricted payment without running afoul of credit agreement covenants. This practice note can be used to prepare a presentation and contains links to additional guidance, where applicable.

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Related Content

• The Client Asks: Is a Dividend Permitted?
  Review this step-by-step guide to determine whether a dividend is permitted under an existing credit facility, including guidance as to how to conduct that analysis and highlighting what documents to review and what provisions to focus on.
• Limitation on Restricted Payments Negative Covenant Clauses (Credit Agreement)
  Close the loopholes in your credit agreement—or find the potential baskets for allowing a leveraged dividend—with these clauses for a credit agreement, including guidance and drafting notes.
• Leveraged Dividend Recapitalizations
  Get an overview of leveraged dividend recapitalizations, in which a company incurs debt and uses those proceeds to pay a dividend to its shareholders or to repurchase its outstanding shares.  

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