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committed facility

   Also found in: Financial 0.01 sec.
committed facility
n
(Economics, Accounting & Finance / Banking & Finance) an agreement by a bank to provide a customer with funds up to a specified limit at a specified rate of interest


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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?
As of June 28, 2009, BDK had $564 million of cash and its $1 billion committed facility was unused.
 
 
 
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