Facility

(redirected from Bank Credit Facility)
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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 ?
In conjunction, the company's new borrowing base will remain in effect until the next date the borrowing base is re-determined pursuant to the bank credit facility.
The bank credit facility was terminated when the merger closed.
5bn total that includes a four year USD3bn Bank Credit Facility and a 364 day USD1.