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Drafting and Negotiating Financial Covenants

Date: Monday, March 25, 2019
Time: 1:00-2:30 pm ET

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

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.

Learning Objectives:

  • You will be able to review financial covenants including what is a covenant and why are they used.
  • You will be able to discuss the common type of financial covenants including the current ratio, debt to equity ratio, and EBITDA formulas.
  • You will be able to identify creating, negotiating, setting, and monitoring financial covenants.
  • You will be able to recognize the institution’s recourse when a covenant has been broken.

This Live Webinar Covers These Hot Issues:

  • 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

Credit Information (Sponsored by Lorman Education Services)

  • CLE
  • CPE

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.


David L. Osburn, M.B.A., CCRA, Osburn & Associates, LLC

  • Founder and managing member of Osburn & Associates, LLC
  • Practice emphasizes business training and contract CFO work
  • Conducts regular seminars, webinars, and keynote speeches covering banking, financing, credit, negotiation skills, marketing, management, and customized topics
  • Extensive professional background of over 30 years includes 19 years as a business trainer/contract CFO and 16 years as a bank commercial lender including the position of vice president/senior banking officer
  • Adjunct college professor for over 30 years including Nevada State College and College of Southern Nevada
  • National Association of Credit Management (NACM) Credential - Certified Credit and Risk Analyst (CCRA)
  • M.B.A degree in finance and marketing; B.S. degree in finance; ABA National Commercial Lending School
  • Can be contacted at 702-655-1187, or website

(Not available outside the US)