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Committed Facility
(redirected from Committed Facilities)

    Also found in: Dictionary/thesaurus 0.01 sec.
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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Grainger has around pounds 300m in cash and committed facilities for expansion after raising pounds 237m in a rights issue last December.
Grainger considers new joint venture by The Journal (Newcastle, England)
Bakkavor's operating companies have secured fully committed facilities for three years to March 2012 following the successful renegotiation of their debt," he said.
Kaupthing bank had lent main Bakkavor shareholders 1.5bn [euro] by Grocer
3 billion at the end of 2008 - which was caused largely by the calling down of previously committed facilities and the restructuring of existing loans, belies a substantial fall in new lending, down 41 per cent in 2008 compared with a rise of three per cent in 2007.
Tough times as new lending drops 41pc by Coventry Evening Telegraph (England)
 
 
 
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