Define: Senior Facility
Senior Facility means the credit agreement or bond under a specific loan and security agreement that can be modified over time
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Senior Facility means the credit agreement or bond under a specific loan and security agreement that can be modified over time.
Relevant Circumstances
- Financing for big business projects
- Restructuring debt arrangements
- Establishing a new line of credit
- When there’s a need for a strong loan security
Relevant Sectors
- Banking and Finance
- Real Estate
- Corporate