Finance:Flex language
From HandWiki
 | This article needs additional citations for verification. (June 2025) (Learn how and when to remove this template message) |
Flex language or market 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.[1] These alterations could include increases in the interest rate, changes in covenants, or increases in prepayment penalties. Market flex language was adopted by arrangers following the 1998 Russian financial crisis.[1]
References
- ↑ 1.0 1.1 Miller, Stephen (2008). "Syndicated Loans". in Fabozzi, Frank J.. Handbook of Finance, Financial Markets and Instruments. Wiley. p. 326. ISBN 978-0470391075. https://www.google.com/books/edition/Handbook_of_Finance_Financial_Markets_an/7LOD1CmBD-cC?hl=en&gbpv=1&pg=PA326. Retrieved 25 June 2025.
 |  |
