Take it from a financial attorney that has drafted loan agreements for years, one of the biggest definitions lenders care about in a loan agreement is “Restricted Payments” (Spoiler: GME can now issue profits distributed and repurchase its stock)
Hard not to dox myself without also explaining why I know this but having been one of the depressed sops sending across term sheets until the wee hours of the morning for years at a large firm, I can attest to the fact that the RP covenant preventing restricted payments is perhaps the biggest news … Read more