# Debt Management

> Manage debt facilities — drawdowns, covenants, amortization, and refinancing — to maintain compliance and optimize cost of capital. Use when monitoring credit facilities, preparing covenant certificates, or planning refinancing.

- Skill: `itsual/debt-management` (Agent Skill)
- Install (CLI): `npx skillmds@latest add itsual/debt-management`
- Raw SKILL.md: https://api.skillmd.com/api/skills/itsual/debt-management/raw
- Safety review: pending
- Works with: Claude Code, Claude.ai, OpenAI Codex
- Category: Coding & Dev Tools
- Author: itsual (https://skillmd.com/u/itsual)
- Updated: 2026-09-21
- Page: https://skillmd.com/skills/itsual/debt-management

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# Debt Management

## Overview

Debt can accelerate growth or create existential risk. Active debt management tracks covenants, maturities, and capacity before problems become crises.

## When to Use

- Covenant calculation and reporting
- Facility utilization planning
- Refinancing and amendment processes
- Stress-testing debt capacity

## Core Practices

- Maintain a debt schedule with rates, maturities, and covenants
- Calculate covenants early and often — not only at certificate dates
- Forecast headroom under base and downside cases
- Engage lenders early if headroom is tightening
- Model refinancing lead times realistically

## Principles

- Covenant breaches are often foreseeable
- Relationship and transparency with lenders matter
- Short-term patches can worsen long-term structure
- Know your springing and cross-default terms

## Verification

- [ ] Debt schedule is complete and current
- [ ] Covenant headroom is forecast, not only historical
- [ ] Maturity wall has a refinancing plan