Navigating Troubled Waters For Higher Education : Liquidity Management & Bank Covenants
Universities and colleges are making material decisions right now on how to open or not open their campuses in Fall 2020 as the COVID-19 pandemic continues. The implication of such decisions will have a major impact on revenue cycle, expense control, and overall profitability. Many of these unanticipated changes - as well as planned change - can trigger covenant defaults on bonds and bank loans.
Our discussion topics will include guidance on forecasting liquidity, anticipating covenant defaults, and managing constructive conversations with creditors that afford your institution time to stabilize in this environment.