Asset level bank facility
From ACT Wiki
An asset level bank facility is a form of asset backed finance.
The borrower provides security over selected assets as collateral for a bank borrowing facility.
- Deal winner's non-recourse asset level bank facility
- "In less than 12 months, the treasury team at Landsec has completed a number of major financing exercises, strengthening the property group’s balance sheet and liquidity profile.
- This included issuing two public benchmark bonds, refinancing £2.25bn worth of syndicated revolving credit facilities and a c£200m non-recourse asset level bank facility."
- ACT Deals of the Year 2024: Small team winner - Landsec.
