# Flex language

> Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Flex_language
> Markdown URL: https://mediated.wiki/source/Flex_language.md
> Source: https://en.wikipedia.org/wiki/Flex_language
> Source revision: 1352044652
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

{{More citations|date=June 2025}}

'''Flex language''' or '''market flex language''' is flexibility inserted into a [syndicated loan](/source/syndicated_loan) contract that allows the [arranging bank](/source/Arranger_(banking)) to alter the terms of the borrowing in order to attract enough lenders to finance the loan.<ref name="Miller-2008">{{cite book |editor-last=Fabozzi |editor-first=Frank J. |last=Miller |first=Stephen |chapter-url=https://www.google.com/books/edition/Handbook_of_Finance_Financial_Markets_an/7LOD1CmBD-cC?hl=en&gbpv=1&pg=PA326 |chapter=Syndicated Loans |title=Handbook of Finance, Financial Markets and Instruments |publisher=[Wiley](/source/Wiley_(publisher)) |page=326 |date=2008 |access-date=25 June 2025 |isbn=978-0470391075}}</ref> These alterations could include increases in the [interest rate](/source/interest_rate), changes in [covenants](/source/covenant_(law)), or increases in [prepayment penalties](/source/Prepayment_of_loan). Market flex language was adopted by arrangers following the [1998 Russian financial crisis](/source/1998_Russian_financial_crisis).<ref name="Miller-2008" />

== References ==
{{Reflist}}

Category:Loans

{{finance-stub}}

---
Adapted from the Wikipedia article [Flex language](https://en.wikipedia.org/wiki/Flex_language) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Flex_language?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.