Financial Covenant Waiver Advisory | Financely
Prepare a financial covenant waiver request with a clear explanation, liquidity forecast and remediation plan. Request a Financely advisory proposal.
Put a supported waiver request in front of your lender
A covenant shortfall needs a clear explanation and a workable response. Financely prepares the commercial case for a waiver, including the cause, financial impact and actions management proposes to take.
For corporate borrowers seeking a defined waiver from an existing lender, with current financial information and access to the relevant facility documents.
What Financely delivers
Establish the facts
Reconcile the covenant calculation, quantify the shortfall and test the liquidity outlook. Separate a temporary reporting issue from a sustained deterioration.
Build the lender submission
Prepare the waiver memorandum, remediation milestones and forecast sensitivities. Support commercial discussions on conditions, fees and additional reporting.
We use the facility’s loan covenant framework and assess forecast covenant headroom to support a specific request.
What to send us
Facility agreement, covenant certificates, management accounts, cash forecast, lender correspondence and management’s proposed corrective actions.
Does a waiver remove the covenant permanently?
Only the lender-approved wording determines the waiver’s scope and period. We support the commercial case while your legal counsel handles legal interpretation and documentation.
Start with a defined mandate
Submit the amount required, transaction country, target date and available documents. We review the scope and issue a proposal with fees and next steps. Execution starts after the engagement is signed and the retainer is paid.
Request a covenant waiver proposalFinancely provides paid advisory and arranging services. Financing is supplied by third-party institutions, subject to their underwriting and approval. Funding, pricing and completion dates are not guaranteed.