Backstop facility: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Mend link.) |
imported>Doug Williamson (Add link.) |
||
| Line 15: | Line 15: | ||
== See also == | == See also == | ||
* [[Backstop]] | |||
* [[Bond]] | * [[Bond]] | ||
* [[Bridge facility]] | * [[Bridge facility]] | ||
Latest revision as of 20:12, 15 October 2022
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.
