Loan portability

Loan documentation - change of control.

A feature of loan documentation, giving borrowers the right to transfer the borrowing to their new owner, following a change of control of the borrower.

"the [ ] inclusion in sponsor lead deals of portability clauses, which effectively remove a mandatory debt repayment triggered by a change of control."

European high-yield market coming of age - The Treasurer's Handbook.

See also

• Assignment
• Capital adequacy
• Change of control
• Clause
• Documentation
• European high-yield market coming of age
• Loan
• Loan transferability
• Novation
• Sub-participation
• Transferee