Document background
The Credit Facility Agreement is a fundamental financing document used when a lender extends credit to a borrower in Ireland. It serves as the primary documentation for various types of credit arrangements, including term loans, revolving facilities, and multi-currency facilities. The agreement must comply with Irish financial services regulations, consumer protection laws, and relevant EU directives. It typically includes detailed provisions on facility terms, drawdown conditions, repayment obligations, security arrangements, and standard protections for the lender. This document is essential for both bilateral and syndicated lending arrangements and can be adapted for different business purposes, from working capital financing to acquisition funding. The agreement's structure reflects market practice in Ireland while incorporating necessary regulatory requirements and appropriate risk allocation between parties.
