There are no committed facilities
because the Turkish market operates on spot / overnight loans, which are utilised without any security or obligations from shareholders and there are no fees charged, since the amounts are not committed.
Headroom from cash and cash equivalents and committed facilities
as of 31 December 2017 was $578 million.
A credit facility is a type of loan made in a business or corporate finance context, granted by banks to customers, including revolving credit, term loans, committed facilities
, and letters of credit used for importing operations.
Prior to funding the transaction, TerraForm Power has over $1 billion of liquidity under committed facilities
, including $500 million under its corporate credit facility, which has been upsized to $600 million, and $500 million under the sponsor line with Brookfield.
Total committed facilities
from the HCA for the transaction aggregate GBP45.
The transaction will be funded from Glencore's existing cash resources and committed facilities
, and is subject to Glencore obtaining the necessary regulatory approvals.
In mitigation, the bank's effective liquidity - including the considerable undrawn committed facilities
- remains comfortable, and is expected to support ongoing timely fulfilment of financial obligations over the near to medium-term.
Demand loans can be called at any time, whereas committed facilities
are contractually guaranteed until the facility's maturity date, unless there is a default.
TAQA has also demonstrated to pre-fund upcoming debt maturities and to keep undrawn and committed facilities
as a back-stop.
Fitch notes that while Coca-Cola has more CP outstanding than capacity under its various committed facilities
, the company has consistently maintained a large cash balance, and the combination of cash and facility availability provide adequate backup for the CP.
This can happen even in the most committed facilities
, but I believe it often occurs because the staff has not fully bought into the benefits of restorative nursing.
Court Order and related memorandums; administering rehabilitative programs in direct care, committed facilities
located in the metropolitan area; developing and implementing new and improved policies and procedures for compliance with applicable federal and direct laws and best practices for secure care detention facilities; maintaining a continuous dialogue with and providing advice, guidance and assistance to educators, vocational training instructors and mental health staff; and providing day-today supervision of staff.