DialogWise Information

ExactCov reads indentures and credit agreements the way a lawyer does, at a hundred times the speed. It extracts every covenant, basket, carve-out, definition and test date, cites each one back to the clause it came from, and turns the result into a register that does two jobs. The first job is incurrence analysis. On cov-lite high yield bonds and leveraged loans, ExactCov shows what the documents allow the day they arrive: day-one debt capacity, restricted payments capacity, portability, MFN and margin ratchets, and the value-leakage flags that matter (J.Crew, Serta, drop-down and priming exposure). Syndicate desks use it to know what the package allows before they pitch it; investors to screen a new deal against precedents before books close; law firms for a first-pass summary in minutes; advisors to map every move a liability management exercise could take. The second job is monitoring. Where covenants are tested, ExactCov keeps every reporting obligation on one calendar, chases the deliverables, flags what is late and shows a figure as stale until fresh data lands. Every test is recomputed the moment the data arrives, across the whole book, with headroom trends and early warning. A Breach & Waiver Log gives the person who signs the report an audit trail they can defend. Second-line credit risk teams at banks and portfolio teams in private credit use it so that nothing is silently reused and nothing is missed. AI collects, extracts, calculates and flags. People decide. ExactCov handles LMA and LSTA facilities agreements, high yield indentures and offering memoranda, ISDA Schedules and CSAs, GMRAs, fund finance facilities, intercreditor agreements, amendments and compliance certificates, in scanned or digital form, with no borrower templates. It is Cyber Essentials certified, offers zero data retention, UK / EU / US data residency, SSO / SAML, and VPC or on-premises deployment. ExactCov is built by Titan, the team behind ExactSum. Book a demo at exactcov.com.