Amend and extend
An amendment to a syndicated facility agreement where certain of the existing lenders agree in advance to extend the maturity of some or all of their loans.
For more information on amend and extend facilities, see Article, Amend and extends: are they gaining traction in the UK? ( www.practicallaw.com/2-501-2577) .
An amend and extend facility can be contrasted with a forward start facility ( www.practicallaw.com/1-384-9570) .