3.30 It was not clear from the Fazakerley prison PFI contract whether the Prison Service's approval was required for those parts of FPSL's proposed refinancing which involved extending the period over which the loan would be repaid and fixing the interest charge for the extended period, together worth £5.2 million to FPSL's shareholders. Nevertheless, FPSL's lenders asked for consent because they recognised that their ability to recover their loans in the event of a premature contract termination might otherwise be impaired (paragraph 1.21).