Committed Facility


Also found in: Dictionary.

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.
Mentioned in ?
References in periodicals archive ?
0 million Lloyds Banking Group committed facility was drawn.
sufficient headroom in the committed facility covenants to assume that
The package consists of a three-year committed facility to finance Land Rover's Parts and Accessories' inventories and receivables in the United Kingdom and the United States.
New Five-Year Committed Facility Provides Liquidity and Flexibility for Growth
Vepco also has a $120 million committed facility used primarily to support certain tax exempt issues.
The deal was oversubscribed and increased Freepoint's expiring $1 billion committed facility.
There is significant headroom in the committed facility covenants to
The company recently signed a two-year committed facility with three banks.
The Fund has entered into a Committed Facility Agreement from a financial institution to provide new funding to redeem the AMPS and provide up to 33% leverage to the Fund going forward.
A moderate depreciation of the MXN would increase stress on liquidity and put greater pressure on financial indicators as the company may use a committed facility to face margin calls, however, the company's liquidity is still exposed to larger currency fluctuations.
There are no changes to the interest rate or to the maturity date of the committed facility, which remains June 19, 2017.
A committed facility in the amount of $2 billion, which matures in October 2010, is expected to be renewed or extended successfully;