Glossary Category: C

Assessment of credit risk by credit rating agencies like Moody’s, S&P, or Fitch.

A legal document governing all the terms and conditions under which at least one lender agrees to provide debt financing to a borrower. It includes

Typically referring to a loan which has a Financial Covenant (generally Net or Gross Leverage covenant), but the covenant is quite permissive, ie the maximum

A debt facility which does not have any Financial Covenants.

Contractual obligation between a borrower and its financing providers. Covenants represent a list of actions which the borrower is allowed and is not allowed to

Periodic interest payment to bondholders, typically semi-annual or annual.

A process through which bond issuers ask bondholders to approve certain changes to the bond Indenture. The terms amended can be certain covenants or other

A document delivered by a borrower to lenders (often through the Agent) confirming that they have complied with the applicable Financial Covenant for the relevant

Fee paid on undrawn portions of a debt facility. Most often, commitment fees apply to Revolving Credit Facilities or Capex Facilities and are designed to

Line of credit which can be used to finance capital expenditure. Similarly to the Revolving Credit Facility, the Capex Facility can be drawn when the