Bond Covenant Analysis demo
Reads each high-yield indenture and loan agreement and scores its covenants against the market 1:31
What the demo shows
Reads each high-yield indenture and loan agreement and scores its covenants against the market
The deal opens on a bank of five basket capacity meters: dollars today, the share of EBITDA and where each basket sits against the firm's peer deals, with seven blocker badges beneath and the agents’ conversation beside it. The Reader agent quotes every basket with its page; the Calculator turns growers into dollars from the latest LTM EBITDA, reading the issuer’s own filing in its own language; the Benchmark agent ranks each basket against the firm’s library; the Adversary chains baskets the way a sponsor’s counsel would and prices the route; the Verifier re-reads every quote and tries to break the route; the Amendment agent re-scores held deals; the Memo agent drafts the asks. The analyst submits, a senior analyst approves, the Head of Credit Research signs below 2.5, legal rules on disputed readings.
Transcript
- Bond Covenant Analysis reads every high-yield indenture and loan agreement and scores its covenants against the market.
- Credit analysts read covenants by hand, yet 91’ percent of U.S.
- leveraged loans are covenant light.
- Dunmore Cinemas is marketing $650 million of notes.
- Books close tomorrow at noon.
- Agents quoted every basket with its page, priced it in dollars, and ranked it against 318p.
- Then the adversary chains baskets the way a sponsor's lawyer would.
- $212 million, the brand IP included, could move to an unrestricted subsidiary.
- No J.Crew blocker stops it.
- Score. 2.15, bottom quartile.
- Nuttia questions the agents, then submits.
- A senior analyst approves, then the head of research signs.
- Every value cited, every score signed twice, every step logged.
- The result, every deal scored before books close, with asks priced in dollars.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.