committed facility


Also found in: Financial.

committed facility

n
(Banking & Finance) an agreement by a bank to provide a customer with funds up to a specified limit at a specified rate of interest
References in periodicals archive ?
Total managed assets include assets attributable to borrowings under Committed Facility Agreement.
Having secured a PS30m committed facility from Omni Capital, the new finance will enable LNT Carehome Developments to ramp up activity.
The financial package is a five-year committed facility and allows Ramsdens the time to choose its new locations, building upon its branches across Teesside, the North-east, Yorkshire, Wales and Scotland.
Harmit Singh, the company executive vice president and chief financial officer, said, 'We are extremely pleased to have secured this committed facility at more favourable terms, backed by a strong group of diversified banks.
Under the new deal Regenersis will benefit from a pounds 15 million committed facility, and HSBC will also be acting as the group's sole banking partner in the UK and Europe.
0 million were used mainly to repay borrowings under the Lloyds Banking Group committed facility.
Ahmed Sheeraz Saeed while commenting on that serious issue emphasized that all barbering and beauty operations should be supervised by licensed professionals in a committed facility where proper cleaning, disinfection and personal hygiene is possible.
The transaction will be financed from a committed facility arranged and underwritten by Deutsche Bank.
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?
2 billion (approximately $345 million) committed facility that will allow CIT Global Vendor Finance to fund new originations in China.
A committed facility can be described as an agreement under which a bank is obliged to lend to a borrower, or to stand by ready to lend, during the course of an agreed period of time and continuously throughout that period of time, up to a specified amount of funds.
refinanced with a committed facility at a lower amount of [pounds]110m