Extensions optional at the right price as tenors tighten in

Bank lenders will attempt to renegotiate the terms of corporates’ revolving credit facilities when the first extension options come up for discussion early next year. Some 64% of those responding to a EuroWeek poll said that they would look to implement fees or increase margins on the 5+1+1 year deals signed in 2011 when the extension options are due to be decided after the first year of the facilities.