Flex language (Ofer Abarbanel online library)

Flex language is flexibility inserted into a syndicated loan contract that allows the arranging bank to alter the terms of the borrowing in order to attract enough lenders to finance the loan. These alterations could include increases in the interest rate, changes in covenants, or increases in prepayment penalties.

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library