Debt and Covenants Fundamentals Course
This course equips participants with essential skills to understand, structure, and negotiate debt covenants, focusing on key financial ratios, breach management, and secured lending protections for effective risk management in cyclical industries.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
The Debt and Covenants Basics Course provides you with a practical set of tools to read, structure, and negotiate loan terms with confidence. Learn key ratios, covenant types, pricing adjustments, collateral protections, and intercreditor issues, then apply them to realistic cyclical borrower scenarios, breach responses, and lender decision frameworks so you can manage risk, documentation, and reporting more effectively from day one.
Elevify advantages
Develop skills
- Structure loan and covenant packages tailored to cyclical manufacturing risk.
- Draft, read and negotiate high-impact financial, negative and affirmative covenants.
- Analyze leverage, coverage and liquidity ratios using TTM and pro forma methods.
- Manage covenant breaches with waivers, cures, amendments and enforcement options.
- Evaluate collateral, priority and intercreditor terms in secured lending deals.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workloadWhat our students say
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