Borrowing Base

The amount of money that a lender may advance for each dollar (or other currency unit) the borrower pledges as collateral. More liquid collateral results in a higher borrowing base. See also: Margining.

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Prequalification

References in periodicals archive ?

M2 EQUITYBITES-December 21, 2016-RSP Permian announces increase in borrowing base and commitment size under amended and restated credit agreement

RSP Permian announces increase in borrowing base and commitment size under amended and restated credit agreement

Aegean" or the "Company") today announced that it has successfully renewed its $1 Billion Secured Global Borrowing Base Multicurrency Revolving Credit Facility (the "Global Borrowing Base").

Greece : Aegean Marine Petroleum Network Inc. announces renewal of its $1 billion secured global borrowing base multicurrency revolving credit facility and $250 million secured U.S. borrowing base revolving credit facility

International Resource News-March 25, 2016--W&T Offshore decreases borrowing base under its revolving bank credit facility

W&T Offshore decreases borrowing base under its revolving bank credit facility

2bn driven by the May 2013 borrowing base redetermination.

-JPMorgan Chase Bank, Wells Fargo lead Antero Resources credit line increase

Mercuria" or the "Company") is pleased to announce the successful closing of its USD 700,000,000 uncommitted secured 18 months Borrowing Base Financing (the "Facility").

Mercuria Announces a New USD 700,000,000 Uncommitted Secured Borrowing Base Financing

According to the company, the Revolving Credit Facility Amendment No 3 allows the company to add eligible unencumbered international assets to the borrowing base in support of its outstanding unsecured debt.

Digital Realty Trust announces amendment to Revolving Credit Facility

Mariner Energy Reports Borrowing Base Reaffirmed

As these receivables are monetized and new receivables generated, nursing homes create additional collateral to include in their borrowing base (see below).

Don't be scared off from receivables-based financing: recent negative headlines shouldn't deter you from using this valuable capital resource

Other than an amendment to the size of the credit facility, there are three reasons why borrowing availability will deteriorate: (1) hi gher borrowings outstanding, (2) assets to support the borrowing base limit the amount the company can borrow, and (3) restrictive covenants.

Warning signs of troubled companies: tightening liquidity. (Selected Topic)

Generally, the current assets of accounts receivable and inventory serve as the borrowing base for a revolving credit facility that can be drawn down and repaid.

Seeking financing? consider asset-based loans: two bankers explain why, when the economy is down, asset-based lending is up. (Financing for Growth: Special Section)

The New Credit Facility has a five-year maturity, a $300 million commitment amount, an accordion feature to expand commitment amounts by up to $300 million and an initial $300 million borrowing base, which is $70 million higher than the borrowing base under its previous revolving credit facility (the "Previous Credit Facility").

Penn Virginia Corporation Announces New Credit Facility and Provides an Update on Financial Liquidity

M2 EQUITYBITES-October 18, 2016-Denbury reaffirms borrowing base at USD1.

Denbury reaffirms borrowing base at USD1.05bn and sets Q3 2016 conference call date for 3 November 2016