Finance Deals & Syndicated Lending · glossary
A facility the borrower can draw, repay and draw again until it ends. Each loan is repaid at the end of its interest period. Sunrise's Facility B is a €5m revolver for the group's everyday needs. Definition: Facility B · Chapter 3
Explained in Chapter 3, Facilities and Their Flavours, of Finance Deals & Syndicated Lending.
Facility B is a revolving credit facility (RCF). It is a ceiling, not a lump sum. Atlas can draw, repay and draw again, as often as it needs, until the facility ends.Read Chapter 1, What Debt Finance Is →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Finance Deals & Syndicated Lending and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
the revolving credit facility made available under this Agreement in a maximum aggregate amount of €5,000,000;Read the definition in the document →
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Finance Deals & Syndicated Lending → · All terms A–Z →