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Steve Miller, who tracks leveraged loans for S&P LCD, says that since the formation of the market in the 1980s, spreads and leverage have risen and fallen "like hemlines" and only covenants have remained constant.But now, he says, new "covenant-lite" loans give borrowers rather greater latitude if their market sours.
The management of the university has been well aware of these royalties (received from Gilead Sciences), but the origin of the money remained a rather well-kept secret, as if it had fallen, like manna, from Heaven (at a Catholic university, miracles may have been considered likely to happen!).
London has fallen like Troy; it burns like another Rome.
Mr. Lawrence said it did not make sense that his son could have fallen like that.
The silver-blue pines are gone now, fallen like jackstraws to Hurricane Andrew.
Modishness has fallen like a curse on this modest Jewish lunch counter.
Similar(26)
All four have now reported falling like-for-like sales over the Christmas period.
Still falling like rain.
Enemies fall like tenpins.
The rain fell like grass growing.
Country after country, falling like dominoes.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com