Entries tagged "Goldman Sachs Special Situations"
At The Deal's Fifth Annual Private Capital Symposium, Richard Shinder, a director at Goldman Sachs Special Situations Group Inc., spoke about the important changes that have come out of covenant-lite debt terms. "We were in a very aggressive debt financing market for the last several years, even in the middle market," Shinder said. "Even where there is traditional financing covenants, you have looser covenants and a lesser degree of equity in the deals. And then related to that is the dramatic amount of sponsor activity ... the more traditional sponsors acquiring businesses with high degrees of leverage and with relatively...
