Restructuring Plans · glossary
Asking other lenders whether they would lend on better terms. Valkenrade asked four other banks to replace the bank’s loans, and none offered better. That shows the bank’s terms are market terms, one good reason for its better deal. Explanatory Statement, paragraph 3.4 · Chapter 5 · see New money
Explained in Chapter 5, Restructuring Terms: New Notes, New Money and Security, of Restructuring Plans.
A market test asks other lenders to offer the same loans, to see whether anyone would lend on better terms. If nobody does, the bank’s terms are market terms.Read Chapter 5, Restructuring Terms: New Notes, New Money and Security →
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