Backstop facility

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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.

See also