A
credit facility refers to a financial arrangement provided by a bank or lender, allowing a person or business to access funds as needed. It can be compared to a credit card, but with a larger credit limit and more flexibility in terms of usage. The borrower can withdraw funds from the
credit facility when required, and can pay it back over time with applicable interest, similar to a loan.
Full definition
As part of the financing, and contingent upon the deal closing, the company intends to refinance its existing senior -
secured credit facilities.
Here, events of default under a revolving
credit facility in particular, can prove to be fatal for the company and its directors.
As Mortgage Professionals, we recommend to hold off from financing any large purchases or leveraging your
existing credit facilities during the construction of your new home.
The group also lends through short -
term credit facilities, essentially providing a credit line to a particular entity, such as a private equity fund.
The leaders of the women farmers took turns to express their problems
including credit facilities, lack of marketing for their produce after harvesting, and farm inputs to increase their farms.
There is a possibility that the personal loan or any
other credit facility that you never applied for may reflect on your report.
The company had $ 195 million in available capacity under its revolving
credit facility after taking into account letters of credit.
The investment manager should tell you whether it has a written policy to monitor and manage interest cover at an
individual credit facility level and whether it is complying with its policy.
As I understand it, the club is clear of bank debt although it does have an
external credit facility borrowed against future TV revenues.
From straightforward overdraft facilities to highly structured
complex credit facilities, our experienced credit advisers can provide creative lending solutions and timely responses.
Many smaller companies can't
gain credit facilities until they've been around for several years, and they often need financial support earlier than that to help them grow and survive.
Financial regulations of various countries also impose restrictions on financial institutions to
lend credit facilities to potential borrowers that have a current ratio which is lower than the defined limits.
Low scores not only prevent people from accessing the
right credit facilities but also lead to lower quality of life.
Accomplishments * Negotiated new
credit facility with a 47 % cap increase to fund acquisition * Implemented safety policies and training to secure a 33 % reduction in Worker's Comp costs * Secured healthcare renewals of under double with only single - digit increase for three years running * Conducted a total of approx. 30 new accounting software conversions * Designed, implemented and managed financial and plant operating syst...
Loans under the
new credit facility bear interest, at our option, at (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50 % and an adjusted LIBOR rate for a one - month interest period in each case plus a margin ranging from 0.00 % to 1.00 %, or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00 % to 2.00 %.
Ghana signed a $ 940 million three - year
Extended Credit Facility with the IMF aimed at propping up the country's economy.
Given the amount of cash on hand, the company did not draw down on its
warehouse credit facility during the quarter and had $ 79 million of notes that were eligible for securitization on March 23, 2012.
For example, $ 2.3 billion of its liquidity is from its revolving
credit facility at rates of LIBOR +0.9 %, or about 2.5 % today.
JLL Capital Markets closed a $ 975 million Fannie
Mae credit facility for Brookdale Senior Living, the largest owner and operator of senior living communities throughout the U.S.
In financial crisis, rollout Primary
Dealer Credit Facility program (PDCF) and Term Securities Lending Facility (TSLF) application, new loan program offered to primary dealers to promote liquidity in financial market.
He can see a scenario where CI buys back its own shares, but to do that it will have to use up its short - term investment balance of $ 95 million and its
undrawn credit facility of $ 250.
• Cerebro Capital, a Baltimore, M.D. - based online platform
corporate credit facilities sourcing and management firm, raised $ 2 million in Series A funding.
Ramco - Gershenson Properties Trust has closed on a new $ 250 million unsecured
credit facility arranged by KeyBank Capital Markets.
The
amended credit facility provides for an increase in aggregate commitments to $ 100M and an accordion feature allowing an increase in the total loan commitment to $ 150M.
The new unsecured
credit facility matures on June 5, 2015, but may be extended for one additional year by Griffin - American Healthcare REIT II upon the satisfaction of certain conditions.
Use your CDs as collateral security to
obtain credit facilities both Fund based and Non-fund based for your business requirements.
Next year, during the run up to the 2016 general elections, Ghana will reach the mid point of its three year Extended
Credit Facility programme with the International Monetary Fund (IMF).
This is because disclosure of an overall gearing ratio (see below) may not adequately highlight the risks associated with different
credit facilities within the scheme.
Westfield Group, based in Sydney, operates a 63 - million - square - foot portfolio in the U.S., and has $ 6.5 billion in
available credit facilities and $ 800 million in cash for possible acquisitions, according to Macquarie Research Equities.
According to AIG, the total owed under the $ 85 billion
dollar credit facility from the US government stands at $ 62.3 billion dollars as of November 5.
Richard's experience includes negotiating and documenting syndicated and single
lender credit facilities, subordinated and mezzanine financings, private placements, structured finance transactions and initial public offerings.
Phrases with «credit facility»