Facility

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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.
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This new bank credit facilities offered by the Bank to the Group is on top of the RMB130 million bank credit facilities we announced on 13 January 2014.
China : FUJIAN DONGYUAN procures bank credit facilities, totaling RMB120 million from BANK OF CHINA
American International Group Inc (NYSE:AIG), insurance organisation, entered two new Bank Credit Facilities worth USD4.
AIG agrees new bank credit facilities for USD4.5bn
Some of IR's cash balances will likely be used to pay out approximately $490 million of debt that matures in May 2006, but remaining cash and availability under $2 billion of committed bank credit facilities provide a comfortable level of liquidity.
Fitch Affirms Ingersoll-Rand at 'A-/F2'

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