title: Put the brakes on accelerating variable rate debt before fiscal year-end.
abstract: Review variable rate debt agreements for subjective acceleration clauses--or MACs--that trigger debt as current. Talk to your auditors about how to address MACs before fiscal year-end. Negotiate alternative financing approaches with creditors.
authors.affiliation: Ropes & Gray LLP, Boston, USA. anne.ogilby@ropesgray.com
authors.forename: Anne P
authors.initials: AP
authors.lastname: Ogilby
authors.forename: Jennifer K
authors.initials: JK
authors.lastname: Santos
authors.forename: James G
authors.initials: JG
authors.lastname: Sullivan
mesh_terms: D002202:Capital Financing / Q000191:economics* / Q000458:organization & administration; D003363:Cost Control / Q000379:methods; D017598:Efficiency, Organizational; D005377:Financial Management, Hospital / Q000379:methods*; D014481:United States