Title

Bondholders Encounter Unexpected Turbulence
American Bankruptcy Institute Journal

Created date

11/1/2013

Bond indentures and credit agreements often contain “make-whole” provisions, which require issuers and borrowers to pay premiums if they redeem bonds or prepay loans before maturity. These make-whole premiums are intended to compensate for, among other things, the loss of the bargained-for rate of return.

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