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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
The new committed facility can be used for general corporate purposes and replaces OnDeck's prior USD 30 million corporate facility.
A fully committed facility to help finance the transaction was provided by credit funds managed by affiliates of Ares Management, L.P.
As at end-2017, EPIF had EUR585 million of cash and cash equivalents and an undrawn committed facility of EUR200 million.
Contractor of the I-12 market Raja Zahid justifying the fee imposed on vendors said they were providing water, land and electricity to the market and hundreds of workforce was being paid to ensure provision of every committed facility.
Having secured a PS30m committed facility from Omni Capital, the new finance will enable LNT Carehome Developments to ramp up activity.
* Demand versus committed facility. 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.
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.
The company has got and accepted an offer for committed facility and term sheet from Sweden-based Nordea Bank AB (STO: NDA).
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.
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.