What is 'market flex' and ' Clear market provisions' in the context of Corporate loan market?

Loan-price volatility has ushered in a new era of flexible pricing, adding an element of unpredictability into the process for borrowers. Bankers are now leaving the door open for price adjustments up to the time the syndication closes, rather than locking in spreads in advance It's difficult to price a loan today that will be taken to market in four to six weeks, given the increasingly volatile pricing environment. An issuer that feels strongly that it wants an underwritten price without market-flex language is typically going to get a less aggressively priced deal STYLE type=text/css> .

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