Reopening | Practical Law

Reopening | Practical Law

Reopening

Reopening

Practical Law Glossary Item 7-503-2059 (Approx. 2 pages)

Glossary

Reopening

A new issuance of securities that form part of and are fungible with a previously issued series of the same securities. The terms and conditions of the new securities must be identical to those of the old securities except for the price at which the new securities are offered.
For more detailed information on conducting a reopening, see Practice Note, Reopening Previous Issues of Debt Securities.