available credit facility

USAGE SUMMARY

The phrase "available credit facility" is correct and usable in written English.
It can be used in financial contexts to refer to a line of credit or loan that is accessible to a borrower. Example: "The company secured an available credit facility to support its expansion plans."

✓ Grammatically correct

Academia

Formal & Business

News & Media

Science

Encyclopedias

Wiki

Reference

Social Media

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

As of June Wynn had $50 million in cash, $146 million available through credit facilities and access to capital from Wynn Resorts.

Forbes

Britain expressed grave concern over the use of chemical weapons but promptly doubled the export credit facility available to Iraq.

Independent

Toll ended the quarter with about $950 million in cash and more than $1.2 billion available under a multibank credit facility, which matures in March 2011.

The New York Times

In the accounts, Day and the vice-chairman, Glenn Thomas, stated their company, SG Sports Management, was supporting Bury's ability to remain in business by making a £7.5m credit facility available.

The Guardian - Sport

"It's easy to find at least six months of credit," says Rebekah Kearey, "But be warned, you can make yourself uncreditworthy if you keep swapping to zero per cent credit card deals". She advises once you've paid off the card, try to live without it: "With Switch-type facilities available, credit cards are unnecessary and you will be able to budget far more easily," she says.

The Guardian - Money

The loan in question was a $2 billion credit facility made available to Petrobras by the Export Import Bank of the United States in 2009.

Forbes

In a March 17 regulatory filing, MGM Mirage said it can't "provide assurance that our business will generate sufficient cash flow from operations or that future borrowings will be available to use under our senior credit facility" and expressed doubt regarding its ability to continue as a going concern.

Forbes

"On Friday night, we learned that the JPMorgan credit facility would not be available beyond Sunday night," Mr. Schwartz said.

The New York Times

AIG also agreed to provide a $1-billion 1-billionr unsecured revolving credit facility, which would be available when the deal closes.

Los Angeles Times

The bank said it would also expand its credit facility — its pool of funds available to buy up assets from banks and other businesses — to 35 trillion yen, from 30 trillion yen.

The New York Times

Of the 600 households, 525 availed themselves of at least one credit facility during April 2009 to March 2010.

Agricultural and Food Economics

Expert writing Tips

Best practice

When discussing a company's financial health, use "available credit facility" to clearly indicate the amount of credit accessible for operations or investments.

Common error

Avoid using "available credit facility" interchangeably with "credit availability". "Credit availability" is a general term referring to the overall ease of obtaining credit, while "available credit facility" refers to a specific, pre-arranged line of credit.

Linguistic Context

The phrase "available credit facility" functions as a noun phrase, specifically describing a financial resource that can be accessed. Ludwig AI identifies it as grammatically correct, indicating its adherence to standard English usage.

Expression frequency: Missing

Frequent in

News & Media

0%

Formal & Business

0%

Science

0%

Less common in

Wiki

0%

Academia

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "available credit facility" is a grammatically sound term used to describe a financial resource accessible to an entity, as confirmed by Ludwig AI. While examples are currently missing, it is most commonly found in professional contexts like financial reports and business news. To enhance clarity, consider alternatives such as "accessible credit line" or "open credit facility". Remember that "available credit facility" refers to a specific credit line, differing from the broader term "credit availability". Using this phrase accurately is crucial when discussing a company's financial standing and borrowing capacity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

accessible credit line

Replaces "available" with "accessible", emphasizing ease of access.

open credit facility

Substitutes "available" with "open", highlighting the readiness of the credit.

existing credit facility

Replaces "available" with "existing", focusing on the current existence of the credit.

credit line available

Reorders the phrase to emphasize the credit line itself.

credit facility in place

Indicates that a credit facility has been established and is ready for use.

credit facility accessible

Similar to accessible credit line. Swaps the order of the words.

readily available credit

Emphasizes the quick availability of the credit.

credit facility on hand

Highlights the immediate availability of the credit.

approved credit facility

Focuses on the approval status of the credit facility.

established credit facility

Indicates that the credit facility has been created and is operational.

FAQs

How can I use "available credit facility" in a sentence?

You might say, "The company secured an /s/additional+credit+line to expand its operations." or "The /s/revolving+credit+facility provides the business with financial flexibility.

What is an alternative to "available credit facility"?

Consider using terms such as "accessible credit line", "open credit facility" or "existing credit facility" as alternatives.

Is "available credit facility" the same as "credit availability"?

No, "credit availability" refers to the general ease of obtaining credit, while "available credit facility" refers to a specific line of credit a company can access.

What factors determine the amount of an "available credit facility"?

Factors include the borrower's creditworthiness, financial stability, and the value of any collateral pledged.