Multi-option financing facility

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Multi-option financing facility

A syndicated confirmed credit line with attached options.

Multi-Option Financing Facility

A credit line with option contracts attached to it to increase the flexibility available to the borrower.
References in periodicals archive ?
Adelaide, Australia, July 31, 2013 - (ABN Newswire) - Beach Energy Ltd (ASX:BPT) ("Beach") has entered into a secured $320 million refinancing of its current $150 million secured Multi-Option Facility, which was due to expire in 2014.
There was strong interest by both domestic and international banks in relation to the refinancing of Beach's multi-option facility, with the new facility secured at more competitive fee and margin rates.
Handelsbanken in Birmingham has also provided a pounds 5 million multi-option facility for International Motors, which has been importing Subaru cars into the UK since 1977 and into Sweden since 1993.
NYSE: CDO)today announced that the company has renewed the 364 day committed facility, under its multi-option facility, for $250 million.
The company's multi-option facility also includes a $275 million 5 year committed facility that expires in December 2002, for a combined total of $525 million of committed credit.
As a result of an expected improvement in operating cash flow, and in conjunction with a cash balance at 30 June 2013 of $348 million and a secured $150 million multi-option facility, Beach anticipates it will be able to fund its FY14 capital expenditure activities in full.
The company's current multi-option facility is also a $550 million facility comprised of a $275 million 5 year committed facility expiring in December 2002, and a $275 million, 364 day committed facility expiring on December 22, 2000.
Strong balance sheet, with cash reserves at 30 June 2013 of $348 million and a secured $150 million multi-option facility available for use
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