Lots of Noise About Cov Lite Loans

Lots of recent clamoring on this topic as the cov-lite trend is dominating the US and now infecting Europe. Choice quote, "This year, 70% of the region’s new leveraged loans are known as covenant-lite, according to LCD, more than triple the number four years ago." Sounds like there is a lot of money chasing very few deals. Covenants are falling and pric…