Multi-option financing facility

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Multi-option financing facility

A syndicated confirmed credit line with attached options.

Multi-Option Financing Facility

A credit line with option contracts attached to it to increase the flexibility available to the borrower.
References in periodicals archive ?
There was strong interest by both domestic and international banks in relation to the refinancing of Beach's multi-option facility, with the new facility secured at more competitive fee and margin rates.
Handelsbanken in Birmingham has also provided a pounds 5 million multi-option facility for International Motors, which has been importing Subaru cars into the UK since 1977 and into Sweden since 1993.
As a result of an expected improvement in operating cash flow, and in conjunction with a cash balance at 30 June 2013 of $348 million and a secured $150 million multi-option facility, Beach anticipates it will be able to fund its FY14 capital expenditure activities in full.
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