Discuss several possible negative covenants Tuxedo Air might consider.
Paper detalis: Mark Taylor and Jack Rodwell, the owners of Tuxedo Air, have decided to expand their operations. They instructed their newly hired financial analyst, Ed Cowan, to enlist an underwriter to help sell $35 million in new 10-year bonds to finance construction. Ed has entered into discussions with Suzanne Leglen , an underwriter from […]