A process through which bond issuers ask bondholders to approve certain changes to the bond Indenture. The terms amended can be certain covenants or other specific terms of the bonds.

Due to the highly flexible terms in standard high yield bond Indentures, Consent Solicitations are not very common occurrences.

If you would like to learn more about the financing process, please see our Termgrid Primers – Series 1: The Debt Financing Process.