CR European TrendLines: Monthly Documentation Score Sheet: March 2026
Jane Gray, Solicitor: European Head of Research Europe - Covenant Review
7 April 2026
- How documentation protections have evolved across recent European leveraged loan issuances.
- What changes in covenant features reveal about negotiating power and market conditions.
- Why European Leveraged Loan Documentation Trends matter for assessing downside risk.
- How term sheet completeness and documentation scores differ between early and final agreements.
- Which aggressive terms are gaining prevalence and where protections are eroding.
EUROPEAN TRENDLINES
Monthly Documentation Score Sheet
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