Facility

(redirected from Bank Credit Facilities)
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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.
References in periodicals archive ?
Senior secured second lien bank credit facilities, Caa1 (LGD5)
(NYSE: CNP), a US energy delivery company that focuses on electric transmission & distribution, natural gas distribution, and competitive natural gas, has completed three revolving bank credit facilities.
The deal was subject to closing adjustments and financed through a combination of borrowings under existing bank credit facilities and cash.
American International Group (AIG) said it has entered into 364-day and three-year bank credit facilities totaling $3 billion split evenly between the two.