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Deleverage
Practical Law Glossary Item 9-501-3922 (Approx. 2 pages)
Glossary
Deleverage
The extent to which a company reduces its debt (its leverage) whether through payment at maturity, optional prepayment or mandatory prepayment.
For more information on prepayments, see Practice Note, Loan Agreement: Prepayment and Commitment Reduction Provisions and Standard Clause, Loan Agreement: Prepayment and Commitment Reduction Provisions.