Amend and extend
From ACT Wiki
Continuing business - funding - borrowing - corporate treasury.
(A&E).
Amend and extend relates to borrowings that are approaching the end of their term.
One course of action is to refinance the existing borrowings, effectively repaying the existing financing and replacing it with entirely new borrowings.
An alternative is to "amend and extend" existing borrowings.
- Preference for A&E leads to exceptionally quiet loan market year
- "General refinancing requirements were limited and - for those needing to come to market - A&E solutions were preferred to full refinancings.
- These factors made the last year an exceptionally quiet one for the loan market."
- Loan financing in 2024 - Slaughter and May.
See also
- Borrowing
- Corporate treasury
- Event-driven financing
- Financing
- Funding
- Loan market
- Refinancing
- Refinancing risk
