Committed Facility

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Committed Facility

Credit that is available to the borrower if and only if the borrower meets the requirements imposed by the lender. These requirements are often very strict. See also: Facility.
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References in periodicals archive ?
2 billion of undrawn committed facilities on an 18-month rolling notice basis, and S&P's own forecast of unadjusted FFO of about ZAR 1.
If auditors are asking banks to confirm committed facilities for at least 18 months, it is highly likely that they will soon require private equity houses to give some level of comfort in relation to the companies in their portfolios.
Grosvenor had cash and undrawn committed facilities with its bankers amounting to pounds 523m, compared to pounds 607m in 2007.
We've got plenty of headroom on the balance sheet and unused committed facilities around pounds 80 million.
Bank's warehouse facility with the newly committed facilities from Bank of America and UBS Warburg, the company elected to not renew U.
Constraining the FSR is Investcorp's low balance sheet liquidity, although this is mitigated by a significant level of undrawn committed facilities, a large illiquid corporate investment portfolio, the moderate volume of total assets and client assets under management (AUM), as well as the challenging global market conditions.
Beside this, the company has also inked a new Facility Agreement in respect of a 70 million pounds revolving facility, which is available in part to finance the acquisition, and partly to refinance Acal's existing committed facilities, to refinance part of Noratel's existing debt and for general corporate purposes.
Committed facilities, together with cash on hand, are sufficient to fund the purchase price.
1 million and committed facilities in place of [pounds] 250 million, expiring in late 2013.
The company has around pounds 300m in cash and committed facilities for expansion after raising pounds 237m in a two-for-one rights issue at 90p a share at the end of last year.
And bosses said borrowing remains "comfortably within our committed facilities of pounds 1.
9 million, with undrawn committed facilities of pounds 26.