Uncommitted Facility

Loan facility which may be prepared in a loan agreement but is only committed at a later point in time after the Committed Facility is exhausted. Usually the existing lender has no obligation to turn an uncommitted facility in a committed facility – but the lender usually receives a right of first refusal if a financing indication by a third party is provided.

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Leverest is a tech-enabled debt advisory platform connecting investors, lenders and advisors thereby facilitating the debt financing process and digitizing investment banking services. As a marketplace for leveraged finance, Leverest blends market-leading debt expertise with digital tools along the debt process achieving superior financing outcomes and a best-in-class debt process with increased transparency for all parties involved.