Practical Law Glossary Item 1-422-1525 (Approx. 2 pages)
Glossary
Amend & Extend
The term refers to an amendment to a syndicated loan agreement where certain lenders agree in advance to extend the maturity date of their loans. In exchange for this early non-pro rata extension of the loan maturity, the extending lenders typically receive a higher applicable margin on their extended loans. The extending lenders may receive additional compensation, including extension or amendment fees and increased commitment fees.