PennantPark Partner, Michael Appelbaum, discusses with Trinity Chavez the importance of structural protections for middle market loans. Michael describes the financial covenants, monthly reporting requirements, and additional lender rights that enable PennantPark to protect investor capital from undue risk. Michael also explains the importance of prudent credit agreements with strict limitations on EBITDA add-backs to ensure our covenants are based on real earnings, not future ambitions.
Up Next in 2024
-
TymeBank CEO Coen Jonker on Emerging ...
Dive into TymeBank's vision for digital banking, led by Co-founder & CEO Coen Jonker. He shares how the company helps empower the Filipino population through innovative strategies supported by Endeavor.
-
Dazz CEO Merav Behat on the Dazz Unif...
Introducing the Dazz Unified Remediation Platform! Co-Founder & CEO Merav Behat talks about the revolutionary features of the newest product and why she thinks it’s a game-changer on this episode of #TakingStock with Trinity Chavez.
-
Gutsy Co-Founder & CEO Ben Bernstein
Gutsy Co-Founder & CEO Ben Bernstein discusses how Gutsy is transforming security outcomes and driving strategic change for CISOs on the latest episode of #TakingStock with Trinity Chavez.
