Backstop facility
From ACT Wiki
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.
