Flex language

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.

This article is issued from Wikipedia - version of the 2/3/2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.