Finance Deals & Syndicated Lending · glossary
A loan drawn once, or in a few drawings, and repaid on a schedule or in one sum. Money repaid cannot be borrowed again. Sunrise's Facility A is a €35m term loan for the purchase. Definition: Facility A · Chapter 3
Explained in Chapter 3, Facilities and Their Flavours, of Finance Deals & Syndicated Lending.
Facility A is a term loan. Atlas draws it at completion and repays all of it on the fifth anniversary of the agreement. One repayment of the whole loan at the end is called a bullet. Money repaid under Facility A cannot be borrowed again (clause 6.2).Read Chapter 1, What Debt Finance Is →
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the term loan facility made available under this Agreement in a maximum aggregate amount of €35,000,000;Read the definition in the document →
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