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Discover Ludwig"credit facility" is a correct and usable part of a sentence in written English.
You can use it to refer to a financial arrangement in which money is made available to someone for a specified period of time, with a fixed or variable interest rate. For example: "The bank offered us a very reasonable credit facility that allowed us to purchase a car."
Exact(58)
"They have our credit facility," Selig added.
The company will also require a revolving credit facility from a private lender.
It recently secured a $465m credit facility from Coface as part of a $525m debt package.
The company has arranged a new credit facility to keep it going.
The acquisition will be financed with cash and a $100 million credit facility, Epiq said yesterday.
Both parties will, however, continue with a $100 million subordinated credit facility for Value City.
Last week, the Fed provided spreadsheets identifying the companies that used the credit facility each day.
The Carlyle Group has a $150 million exposure to Carlyle Capital through a credit facility.
It included a £137.7m rights issue, the issuing of £220m in new bonds and a £25m revolving credit facility.
JPMorgan Chase is identified as the biggest creditor, as the administrative agent for a $1.2 billion revolving credit facility.
"Most people didn't expect them to be drawing down their credit facility at this point," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com