Facility

(redirected from Bank Credit Facilities)
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Related to Bank Credit Facilities: revolving credit, Revolving credit facility, Revolving line of credit

Facility

A loan extended by a bank to a business in need of operating capital. This may take several forms, from a short-term loan to a line of credit. Different banks have different facility plans for their clients who own or run businesses. See also: Debt financing.
References in periodicals archive ?
Allen Karp, President and Chief Executive Officer of Cineplex Odeon, stated: "With our annual EBITDA reaching $80 million, our public offering of Notes completed and New Bank Credit Facilities in place, we are now in a position to take advantage of growth opportunities in our industry.
Proceeds from the term loan together with the initial borrowings under the revolving credit facility were used to repay all borrowings under the Company's previously existing domestic bank credit facilities as well as fees and expenses associated with the restructuring.
In total, about $25 billion of the corporation's approximately $40 billion in direct bank credit facilities worldwide will have been refinanced at the conclusion of this project.
Liquidity is provided by a $2 billion commercial paper program, supported by a corresponding amount of bank credit facilities.