Structure Flex (Banking & Finance Glossary)

Summary

When the Arranger has the ability to reasonably change the structure of the deal provided for in the Commitment Letter in order to ensure a Successful Syndication of the loan. The types of structural changes typically relate to Tranches, such as moving commitments from the first lien facility to a second lien or mezzanine facility or moving debt from the Borrower to its holding company.