Following the debt that is russian roiled the marketplace in 1998, arrangers adopted “market-flex”

Following the debt that is russian roiled the marketplace in 1998, arrangers adopted “market-flex” Price-Flex language. Market flex permits arrangers to alter the pricing regarding the loan centered on investor demand—in some cases within a predetermined range—as well as change amounts between different tranches of that loan, being a feature that is standard of commitment letters. Market-flex language, in a solitary swing,...

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