top of page
Consent Solicitation
The process of seeking approval from shareholders or bondholders for a specific action, such as a merger or acquisition, often required for completing the transaction.
Implications
A process by which a company seeks approval from its bondholders to make changes to the terms of a bond agreement, such as extending the maturity date or modifying interest payments.
Example
Example: A corporation issues a consent solicitation to its bondholders, requesting permission to extend the bond�s maturity date by five years to improve its liquidity.
Related Terms
Different from a shareholder vote, which involves equity owners, consent solicitation specifically relates to the approval of changes in debt instruments.
Get INSTANT comprehensive market research of any industry
Chat with AII Consultant Now!
bottom of page