A "Flex" clause in a Syndicated loan allows the Arranger to increase or decrease the Spread on the loan to reflect a situation of over-subscription or under-subscription. A "Market flex" clause allows to increase the Spread in case of deterioration of the Market conditions.
Flex(See Chapter 22 of the Vernimmen)
A "Flex" clause in a Syndicated loan allows the Arranger to increase or decrease the Spread on the loan to reflect a situation of over-subscription or under-subscription. A "Market flex" clause allows to increase the Spread in case of deterioration of the Market conditions.
A "Flex" clause in a Syndicated loan allows the Arranger to increase or decrease the Spread on the loan to reflect a situation of over-subscription or under-subscription. A "Market flex" clause allows to increase the Spread in case of deterioration of the Market conditions.