Facility

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Related to Bank Credit Facility: revolving credit, Revolving line of credit, Revolving credit facility

Facility

A loan extended by a bank to a business in need of operating capital. This may take several forms, from a short-term loan to a line of credit. Different banks have different facility plans for their clients who own or run businesses. See also: Debt financing.
References in periodicals archive ?
The new credit facility replaces a $40 million bank credit facility which had been scheduled to mature in January 1995.
9 billion senior unsecured debt, its $750 million revolving bank credit facility, its $750 million commercial paper program, and $437 million of QUIPS.
Medite's bank credit facility includes a $75,000,000 amortizing term loan with a final maturity of Sept.
At the close of the merger, Fitch will withdraw the 'A' rating assigned to BellSouth's bank credit facility as it is expected to be terminated.