Refinancing | Practical Law
Refinancing
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Refinancing
Practical Law UK Glossary 7-384-6168
(Approx. 3 pages)
Glossary
Refinancing
An arrangement under which an existing loan to a borrower is replaced by a new loan, usually on different terms. It is often part of a
restructuring
of a company's business.
For resources relating to the refinancing of performing debt, see
Practice note, Refinancing: overview
. For resources relating to a restructuring of debt that is under stress or not performing debt, see
Practice note, Advising on the restructuring of a company in financial difficulties
.