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 ?
The new credit facility has resulted in raising total committed facility to USD300m.
Black Hills Completes Acquiring Additional Credit Facility
The transaction will be financed from a committed facility arranged and underwritten by Deutsche Bank.
Caucedo terminal mega-deal
Mr Spellar said: "If they (Railtrack) were as viable as they are now saying, why weren't they able to draw down on their pounds 1bn committed facility which they could have had from the banks?
Defiant Railtrack ready to sue Byers
2 billion (approximately $345 million) committed facility that will allow CIT Global Vendor Finance to fund new originations in China.
CIT Closes New RMB2.2 Billion Facility in China
At the year end of 2015 we had available cash of over $8m, having drawn only $15m of a $35m committed facility from Standard Chartered Bank.
United Kingdom : Eland Oil & Gas PLC Operational update
According to Main Street, the recently closed facility provides several benefits to the firm including an expansion of the total committed facility size to USD 445m, including commitment increases by three existing lenders in the facility.
-Main Street Capital closes USD 445m credit line
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.
Land Rover secures pounds 75m financing facility for parts division
The company expects to close an additional USD60m of funding with new facility lenders soon, raising total committed facility to USD300m.
Black Hills Corp Completes Acquiring New Credit Facility
Vepco also has a $120 million committed facility used primarily to support certain tax exempt issues.
Fitch Rates Vepco's $450MM 2.95% Senior Notes 'A-'; Outlook Stable
The new revised facility matures at the end of 2022, without any reduction in committed facility size before the end of 2020, which is after the slated Johan Sverdrup first oil date at the end of 2019.
United States : Senior secured facility to provide financial flexibility to fund Lundin Petroleum's interest in Johan Sverdrup project
Also, to provide the financing for the redemption the company stated that it signed a committed facility agreement with a financial institution and thus its obligation to redeem the shares will be based upon sufficient funds being available via such an arrangement.
Denali Fund proposes to redeem outstanding auction preferred shares series A
The company recently signed a two-year committed facility with three banks.
Powerscreen puts possible legal battle on hold

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