Amend and Extend Clause
(Credit Agreement)

Summary

This amend and extend clause is used in a credit agreement to give the borrower the right to request that the maturity date of all or a portion of its facility be amended and extended, along with amendments to key terms. Place this clause in the article addressing loan mechanics. This clause includes practical guidance and drafting notes. See Market Trends 2023/24: Amend and Extend Provisions for examples of these clauses in recent publicly-filed credit agreements. See also Refinancing Resource Kit. For a full listing of key content covering amendments, consents, and other modifications for loan documents, see Amendments, Consents, and Waivers Resource Kit.