Four Decades for Justice
Cravath partner William J. Whelan III authored a chapter, entitled “Bond Indentures and Bond Characteristics,” in the book Leveraged Financial Markets: A Comprehensive Guide to High-Yield Bonds, Loans, and Other Instruments, published by McGraw-Hill, Inc. The chapter discusses common characteristics of high-yield bonds and the most common covenants that can be found in high-yield indentures.
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