US Edition — Focus and Foresight

<p>When is a change in control not a change of control? That is the question some <strong>Focus Financial</strong> lenders are asking after the company managed to finance its $7bn buyout without refinancing its existing debt.</p><p>It all hinges on the wording of the credit agreement — so for this week’s episode of <em>Cloud 9fin</em>, Will Caiger-Smith sat down with 9fin’s debt covenant expert James Wallick to talk about this strange situation and its possible implications.</p>