Repricing Amendment (Banking & Finance Glossary)

An amendment to a Credit Agreement where the Interest Rate on an existing loan is lowered. This type of amendment usually requires 100% of the vote of the existing Lenders, however, if the Credit Agreement contains a Yank-a-Bank provision, the Borrower can remove and replace existing Lenders who do not consent to the amendment if the amendment has otherwise been approved by a majority of Lenders.