Question: What factors should a manager consider when negotiating loan covenants in a long - term debt agreement? Minimising loan costs and maximising borrowing capacity Balancing

What factors should a manager consider when negotiating loan covenants in a long-term debt agreement?
Minimising loan costs and maximising borrowing capacity
Balancing operational flexibility and bondholder protections
Ensuring compliance with GAAP and legal requirements
Satisfying the requirements of financial intermediaries and credit rating agencies

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