roll-over
USA
roll-up, Also known as roll-over.
A provision in a DIP financing order which permits the debtor to apply the proceeds of the DIP financing to satisfy, in whole or in part, secured or unsecured prepetition indebtedness, with the effect of transforming funds lent prepetition into funds lent under the DIP and secured by the priming lien. Roll-ups are attractive to DIP lenders even though there is no net cash benefit (as they are repaid with their own funds) because they ensure immediate repayment of prepetition debt and effectively convert the DIP lender's prepetition secured claim or unsecured claim into a postpetition superpriority claim.
For more information, see Practice Note, Roll-Up DIP Financing (www.practicallaw.com/1-386-8691).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • roll over — vt 1 a: to defer payment of (an obligation) b: to renegotiate the terms of (a financial agreement) 2: to place (invested funds) in a new investment of the same kind roll over IRA funds Merriam Webster’s Dictionary of Law …   Law dictionary

  • Roll-over — auch: Roll|over 〈[ oʊvə(r)] m.; od. s, 〉 1. Umschlagen ins Gegenteil, Umkehrung eines Ereignisses 2. doppelte Gewinnprämie bei Lotteriespielen 3. 〈Wirtsch.〉 3.1 übergangsloser Transfer von Fonds aus einer Investition in eine andere 3.2 〈kurz für〉 …   Universal-Lexikon

  • roll over — (something) to take profits from an investment and invest them in something similar. After calling my financial advisor, I decided to roll over those treasury bonds. Investors sometimes take cash out of retirement plans rather than roll the funds …   New idioms dictionary

  • roll over — ► roll over Finance contrive or extend (a financial arrangement). Main Entry: ↑roll …   English terms dictionary

  • roll over — verb 1. make a rolling motion or turn (Freq. 3) The dog rolled over • Hypernyms: ↑turn • Hyponyms: ↑somersault, ↑tumble, ↑welter • Verb Frames …   Useful english dictionary

  • roll over — phrasal verb Word forms roll over : present tense I/you/we/they roll over he/she/it rolls over present participle rolling over past tense rolled over past participle rolled over 1) [intransitive/transitive] same as roll I, 4) He rolled over and… …   English dictionary

  • roll over — /ˌrəυl əυvə/ verb ♦ to roll over credit to make credit available over a continuing period ♦ to roll over a debt to allow a debt to stand after the repayment date ▪▪▪ ‘…at the IMF in Washington, officials are worried that Japanese and US banks… …   Marketing dictionary in english

  • roll over — /ˌrəυl əυvə/ verb ♦ to roll over a credit to make credit available over a continuing period ♦ to roll over a debt to allow a debt to stand after the repayment date ▪▪▪ ‘…at the IMF in Washington, officials are worried that Japanese and US banks… …   Dictionary of banking and finance

  • roll·over — /ˈroʊlˌoʊvɚ/ noun, pl overs [count, noncount] 1 a : the act of delaying the payment of a debt 1 b : the act of placing invested money in a new investment of the same kind see also roll over at ↑roll, 1 2 chiefly US …   Useful english dictionary

  • roll over — transitive verb Date: 1949 1. a. to defer payment of (an obligation) b. to renegotiate the terms of (a financial agreement) 2. to place (invested funds) in a new investment of the same kind < roll over IRA funds > …   New Collegiate Dictionary

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