Backstop facility

From ACT Wiki
Revision as of 21:43, 17 February 2019 by Doug Williamson (Talk | contribs) (Create page. Source: The Treasurer, Deals Edition 2019, p24.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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.

See also