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)
For Detailed Credit Information page
click here
Only registered attendee will receive continuing education credit.
Faculty
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, dlosburn@cox.net or
website www.dlosburn.com
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