Glossary / finance terms
Make-whole
A prepayment premium that compensates lenders for interest they lose if a loan or bond is repaid early, often stepping down over time.
In the filed deals
CoreWeave's DDTL 5.0 carries a make-whole in year one, 2% in year two and 1% in year three.
For in-house counsel
Make-whole in the filed documents
Where the term turns up in filed contracts and what is market, for the lender’s or the borrower’s side. Previews are open; the full text is free with InfraCompute Weekly.
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Related terms
Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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