Market Trends 2023/24: Refinancing Amendment Provisions

Summary

This practice note provides an overview of refinancing amendment provisions and discusses recent market trends in publicly filed credit agreements from 2023 and Q1 2024. Refinancing amendment provisions allow a borrower to refinance all or a portion of its outstanding loans under a credit agreement without having to go through a cumbersome amendment process. Key provisions discussed include approvals of, conditions to, and restrictions on loans being refinanced.