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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.
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Resource ID 7-384-6168
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