Amend and extend

A majority of lenders moves a loan's maturity out, usually for a fee and a higher margin. The calm version of the same power that an uptier uses violently: what a majority may change decides what every other term is worth.

Where Amend and extend is explained in depth

The definition above is the short version. These pages put it to work, in the order they use it most:

• Restructuring
• What happens to my bonds if the company restructures?
• Standstill
• Restructuring In Court vs. Out of Court
• A Levered Retailer, 2005–2018
• Corporate Lending

Terms this definition uses

• Maturity
• Uptier

The whole glossary