The precipitous decline in its partnership ranks has caused the firm to breach covenants on its loans.
"Simply put, we think Informa has too much debt and, without action, is likely to breach covenants by the end of 2009.
The company is currently in talks with its banks after warning it may breach covenants following a profit warning.
On our new numbers Lonmin will likely breach covenants until 2014 under our base case price forecasts.
"Many companies are heavily indebted and will need to go through restructurings or will be breaching covenants.
The terms allow Sprint to have a higher ratio of debt relative to its profits, making it less likely that it will breach covenants associated with its debt.
Groups of partners continued to jump ship, and the steep decline in its partnership ranks caused Dewey to breach covenants on its loans.
And the firm has breached covenants in lending agreements with its banks, which require a law firm to maintain a minimum number of partners.
National Express has debts of £977.5m and, according to market watchers, needs to raise about £350m to avoid breaching covenants before the year end.
We expect Tullow to get to Ten first oil mid-2016 without exceeding available credit lines or breach covenants on our conservative oil price deck (2015/16/17: $57/63/68 a barrel).
It is thought that Jane Norman breached covenants on a £5.2m loan in January 2009, resulting in it renegotiating its banking facilities with the lending consortium that now owns it.
