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OnDemand Course

Drafting and Negotiating Financial Covenants

Gain an understanding of the most used financial covenants, their purpose and when and how they are tested and calculated.

This topic will cover financial covenants including what is a covenant and why banks and other institutions utilize covenants, common types of financial covenants including the current ratio (liquidity), debt to equity ratio (leverage), and EBITDA (cash flow) calculations, and additional financial covenants including Times Interest Earned (TIE), net worth (including tangible net worth), and the Borrowing Base Certificate (BBC). The information covers drafting or creating financial covenants and negotiating, setting, and monitoring the covenants and explores the breaching of financial covenants and the institution's recourse when a covenant has been exceeded. Case studies will illustrate this topic.

Runtime: 89 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Review Financial Covenants Including What Is a Covenant and Why Are They Used

Explore the Common Type of Financial Covenants Including the Current Ratio, Debt to Equity Ratio, and EBITDA Formulas

Evaluate Additional Financial Covenants Including Those Dealing With Times Interest Earned (TIE), Net Worth, and the BBC

Discuss Creating, Negotiating, Setting, and Monitoring Financial Covenants

Cover the Institution's Recourse When a Covenant Has Been Broken

Utilize Case Studies to Summarize the Webinar Ideas

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 25, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David L. Osburn, M.B.A., CCRA

David L. Osburn, M.B.A., CCRA

Osburn & Associates, LLC

  • Founder of Osburn & Associates, LLC
  • Contract CFO clients include medical practitioners, financial institutions, law firms, CPA firms, architects, real estate developers, and contractors
  • Extensive professional background of over 30 years encompasses 21 years as a business trainer/contract CFO and 16 years as a bank commercial lender including the position of vice president/senior banking officer
  • Banking credentials include loan underwriting, loan work-out, management, and business development
  • Has been an adjunct college professor for over 30 years including the College of Southern Nevada
  • Holds the professional designation of Certified Credit & Risk Analyst (CCRA) as granted by the National Association of Credit Management (NACM)
  • M.B.A. degree, Utah State University; B.S. degree in finance, Brigham Young University; graduate of the ABA National Commercial Lending School, University of Oklahoma
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 405569
Published 2019
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