Backstop facility: Difference between revisions
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imported>Doug Williamson (Add Backstop credit facility. Source - The Treasurer online - 8 July 2021 - https://www.treasurers.org/hub/treasurer-magazine/act-deals-of-the-year-awards-2020-special-covid-award-winner) |
imported>Doug Williamson m (Add link.) |
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* [[Bridging loan]] | * [[Bridging loan]] | ||
* [[Facility]] | * [[Facility]] | ||
* [[Interim]] | |||
* [[Private placement]] | * [[Private placement]] | ||
* [[RCF]] | * [[RCF]] | ||
Revision as of 09:50, 22 July 2021
A backstop facility is a short-term interim borrowing facility supporting a transaction, financial instrument, or other credit facility.
- Informa highly commended
- "Highly commended in this category was Informa's complex acquisition financing deal...
- The deal, which was intended to support the company's transformation acquisition of UBM, included... an £855m backstop facility for Informa's RCF, and a £400m and $720m backstop facility for the RCF, US private placement and bond at UBM."
- The Treasurer magazine, Deals Edition 2019, p24.
Also known as a backstop credit facility.
