credit facility


A loan or collection of loans taken on by a corporation. These loans can be many different types, depending upon the needs of the company, and can vary from letters of credit to term loans, and can be committed or uncommitted.

Use credit facility in a sentence

The credit facility used by the company was because the company was interested in debt as they noticed the economy was supported by debt.

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Ford motor company secured a substantial credit facility in 2007, which it used to weather the Great Recession and avoid accepting government assistance.

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The credit facility accepted by the corporation to open its doors had become a very heavy noose around the necks of the higher executives and there seemed no end in sight.

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committed facility pay to play