Restructuring Plans · glossary
Fresh lending put into a rescue. The bank lends Valkenrade €50 million of new money, but only if it is paid first. New money is never counted as value the plan saves, because the bank lends it fresh. Term sheet, Hollinde Bank · Chapter 5 · see Intercreditor agreement, Market test
Explained in Chapter 5, Restructuring Terms: New Notes, New Money and Security, of Restructuring Plans.
The fresh loan from the bank is called new money. Valkenrade needs it to keep trading. Each side has a reason to accept its part…Read Chapter 5, Restructuring Terms: New Notes, New Money and Security →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Restructuring Plans and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Restructuring Plans → · All terms A–Z →