Extension fee
From ACT Wiki
Lending - borrowing - bank facilities - term - extension.
An extension fee is an amount payable by a borrower in return for the extension of the term of a borrowing facility.
- Reduced extension fees - RS Group
":After consulting with existing banks and new potential lenders during the summer it was decided to seize the window of opportunity and launch an ‘amend and restatement’ RCF.
- A Term Sheet was agreed with pricing the same as the previous deal apart from reduced extension fees and the benefit of the arrangement fee spread over a longer period."
- The Treasurer online, 4 April 2023 - ACT Deals of the Year 2022: Loans below £750m winner.
