FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Articles / Read Article


The Impact of Covenant-Lite Loans in the Middle Market

Date: Oct 17, 2022 @ 07:00 AM
Filed Under: Industry Insights

Tony Hokayem, Managing Director and Partner, Colbeck Capital Management, provides a detailed view of the role Covenant-lite credit facilities play in this highly competitive market. Hokayem discusses how financial covenants on middle market credit facilities have evolved since the financial crisis, the growing presence of covenant-lite loans in the middle market, sectors in which covenant-lite loans have been most prevalent, and how the current economic environment will likely impact middle-market lenders with these loans in their portfolios.

Sponsored By:
Tony Hokayem
Managing Director and Partner | Colbeck Capital Management
Tony Hokayem joined Colbeck in 2013 as a member of the investment team. Mr. Hokayem was promoted to Managing Director in 2016. Prior to joining Colbeck, he was a Director at PNC Capital Markets. While at PNC, he worked as a Corporate Banker and Portfolio Manager in the Leverage Finance and Syndicate Trading areas. Mr. Hokayem has also held positions in the risk management, contract finance, asset-based lending, and specialty finance verticals. Mr. Hokayem has spent most of his career focused on private middle market companies. Mr. Hokayem has lectured at New York University's Stern School of Business, taught at Wall Street Training, and spoken at multiple investment conferences. Mr. Hokayem holds a Master’s in Business Administration from New York University’s Stern School of Business where he graduated with highest distinction. He also holds a Bachelor of Science in Economics and Mathematics from Centre College. Mr. Hokayem sits on the executive board of LIFE and actively involved in the mentorship program for both LIFE and ABANA. He holds the rank of Eagle Scout.
Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.