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The owner of this badge has successfully passed the final exam for FLT’s Leveraged Finance Covenant Training - the world's first covenant training program. Specifically designed for professionals in the leveraged finance market, this online training program allows market participants to gain a solid foundation in deciphering a new language - legalese. In today's landscape, with covenant complexity reaching unprecedented levels following a decade of borrower-friendly market conditions, the ability to comprehend and navigate legal provisions cannot be overstated. This comprehensive training equips individuals with a detailed framework for covenant analysis that can be used for high-yield bonds (HYB), leveraged loans (LL), or private debt (PD) agreements.