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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In addition, borrowers must be aware that 1) lenders reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities-based loan that is identified as a committed facility and 2) lenders reserve the right to increase a borrower's collateral maintenance requirements at any time without notice and maintain the right to call securities-based loans at any time and for any reason.
Securities-based lending: an unknown solution for nonprofits
The Enserco team has a long track record of delivering results and managing risks, and the new committed facility will provide ample financial capacity to conduct their business during these challenging economic times.'
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
However, Fitch views the lack of a committed facility as unusual for a corporate credit and a constraint on the rating given the underlying volatility of the E&P industry, particularly in the context of the company's decommissioning commitments.
Fitch Assigns 'B-' First-Time IDR to Fieldwood Energy LLC; Outlook Stable
Arris said it has secured a fully committed facility from Bank of America Merrill Lynch to meet the funding requirements.
Arris to Acquire UK Pay TV and Broadband Technology Firm Pace for USD 2.1bn in Stock and Cash
According to the firm, the deal was oversubscribed and doubles Freepoint's initial committed facility of USD 500m, which closed in October 2011.
BNP Paribas NY leads Freepoint Commodities credit line upsizing
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
Undrawn credit facilities included a GPB1.9 billion committed facility maturing in September 2021 and a USD2.5 billion 364-day facility.
Fitch Revises GSK's Outlook to Negative; Affirms at 'A'

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