Backstop facility: Difference between revisions
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imported>Doug Williamson (Create page. Source: The Treasurer, Deals Edition 2019, p24.) |
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) |
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:''The Treasurer magazine, Deals Edition 2019, p24.'' | :''The Treasurer magazine, Deals Edition 2019, p24.'' | ||
Also known as a ''backstop credit facility.'' | |||
Revision as of 21:55, 17 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.
