Document background
A Credit Facilities Agreement is fundamental for establishing formal lending arrangements in Australia's financial landscape. This document is utilized when a borrower requires access to credit facilities from a lender or syndicate of lenders, whether for general corporate purposes, specific projects, or refinancing existing debt. The agreement encompasses essential elements required by Australian law and regulatory framework, including ASIC requirements and banking regulations. It details facility types (term loans, revolving facilities, etc.), drawing conditions, interest calculations, security arrangements, and compliance requirements. The document serves as the primary reference point for the ongoing lending relationship, incorporating Australian market practices and providing mechanisms for facility management, amendments, and dispute resolution. It is particularly important for ensuring compliance with Australian credit and financial services laws while protecting the interests of all parties involved.
