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-   Marriott | Marriott Bonvoy (https://www.flyertalk.com/forum/marriott-marriott-bonvoy-766/)
-   -   Marriott: Evaluating The Possibility Of Default (from seekingalpha.com) (https://www.flyertalk.com/forum/marriott-marriott-bonvoy/2015519-marriott-evaluating-possibility-default-seekingalpha-com.html)

craigthemif Apr 12, 2020 3:19 am
Originally Posted by gengar (Post 32285280)
It's not like lenders won't waive or amend the covenants anyway given the circumstances. Typical type of seekingalpha fluff from a stock shorter.
Yep, a covenant breach is often nothing more than a block on paying dividends until the breach is remedied. As long as you are still paying interest and principal you're fine.

Besides... who here wouldn't rather the lenders wipe out shareholders and put in their own management team...

DYKWIA Apr 12, 2020 7:09 am
Originally Posted by MrM2016 (Post 32284618)
Sponsorship of the Mercedes F1 team as well.
And Man Utd :-

https://www.manutd.com/en/partners/g...arriott-hotels

macabus Apr 12, 2020 8:19 am
Originally Posted by ArizonaTAG (Post 32285264)
I believe Marriott has sufficient Business Interruption Insurance to prevent the covenant requirements from kicking in.
Most business interruption insurance policies have a clause that excludes anything related to viruses or bacteria.


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