Document background
A Refinance Agreement is utilized when parties seek to restructure or replace existing debt facilities with new financing arrangements. This document, governed by English and Welsh law, establishes the terms under which the existing debt will be refinanced, including new interest rates, repayment schedules, and security arrangements. The agreement ensures compliance with UK financial regulations, including the Financial Services and Markets Act 2000 and FCA requirements. It's particularly relevant in scenarios involving corporate debt restructuring, property refinancing, or consolidation of multiple debt facilities.
