Repayment, prepayment and cancellation

This guidance note explains the repayment, prepayment (both voluntary and mandatory) and cancellation provisions in a facility agreement. It also addresses how repayment provisions may differ for term loans and revolving loans, break costs and premiums associated with voluntary prepayments and the typical events which trigger mandatory prepayment. Where appropriate, this guidance note highlights relevant provisions in the Asia Pacific Loan Market Association (APLMA) Australian secured term and multicurrency revolving syndicated facility agreement.

See Repayment, prepayment and cancellation.