funded debt


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Related to funded debt: Unfunded debt

Funded debt

Debt maturing after more than one year.

Long-Term Debt

Bonds, loans, and any other debt with a maturity of longer than one year. Long-term debt is used for capital outlays, which usually involves a business' need to buy the basic necessities for its operations, such as facilities and major assets. It is also called funded debt.

funded debt

Long-term interest-bearing debt, such as that for bonds and debentures.
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Under the amendments, the Company is required to maintain Total Net Funded Debt to EBITDA Ratios (as defined therein) of: less than or equal to 3.
50 to 1 Total Net Funded Debt to EBITDA ratio to September 30, 2017, with a measured step down of the ratio to 3.
Canada : DH Corporation Announces Agreements to Amend Debt Covenants with Lenders and Private Noteholders

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