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Tag: Disclosure

Debt covenant obstacle course

The State of COVID-19 Disclosure, Part I: Debt Covenants

Debt covenant obstacle course

It’s coming from celebrities. It’s coming from aunt Sally’s Facebook feed. It’s even coming from heads of state. Misinformation is one of the biggest obstacles in the fight against COVID-19, and it seems to be coming from everywhere. But if...

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Slowly melting row icicles in a row

Issuers Get (Halfway) Back Into Spending, Guidance Game

Slowly melting row icicles in a row

As citizens emerge from shelter-in-place orders and the frozen economy thaws, issuers too have begun a return to normalcy (whatever that is). Some public companies have loosened the spending controls they implemented at the start of the pan...

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Disclosure Describes Strings Attached to PPP Funds

Disclosure Describes Strings Attached to PPP Funds

Disclosure Describes Strings Attached to PPP Funds

The Paycheck Protection Program provided a welcome lifeline to businesses in the midst of the pandemic. But for companies that have cashed their PPP checks, including many public ones, it also presents serious risks. Just ask them. Issuers...

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Forbes' Money Briefcase in black and white

Corporate Debt Issuances Spike in Pandemic

Forbes' Money Briefcase in black and white

In the pandemic, we’ve all become hoarders. Toilet paper. Disinfectant. Meat. And apparently, if you are a public company, there’s another staple you’re stockpiling in the basement: cold hard cash. According to data from the Intelligize pla...

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Corporate traveler on the move for the Division of Corporation Finance

SEC Offers Direction on COVID-19 Disclosures

Corporate traveler on the move for the Division of Corporation Finance

The coronavirus outbreak presents something of a paradox for public companies. On the one hand, in disrupting commerce around the globe, the pandemic has presented public companies with a whole host of material risks to their businesses, wh...

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