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 ?
BAFS's liquidity is also supported by the undrawn committed facility of THB6.
Barclays, Goldman Sachs and Bank of America Merrill Lynch, as joint lead arrangers, in a $49 billion committed facility to finance in part CVS Health Corporations pending $77 billion acquisition of Aetna Inc.
Reportedly, the cash portion will be funded through a combination of cash and debt, with ARRIS securing a fully committed facility from Bank of America Merrill Lynch to meet the funding requirements.
Arris said it has secured a fully committed facility from Bank of America Merrill Lynch to meet the funding requirements.
Having secured a PS30m committed facility from Omni Capital, the new finance will enable LNT Carehome Developments to ramp up activity.
In addition, borrowers must be aware that 1) lenders reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities-based loan that is identified as a committed facility and 2) lenders reserve the right to increase a borrower's collateral maintenance requirements at any time without notice and maintain the right to call securities-based loans at any time and for any reason.
According to the firm, the deal was oversubscribed and doubles Freepoint's initial committed facility of USD 500m, which closed in October 2011.
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.