Credit Sleeve

Credit Sleeve
A form of credit agreement, backed by physical assets, where the lending party will provide working capital and collateral to another company, known as the "sleeve provider". The lending party will essentially co-guarantee certain outstanding credit arrangements the sleeve provider has with other lenders and increase the overall credit quality of the sleeve provider.

This type of working capital loan is most often found within the energy industry, where sleeves are backed by physical energy assets and carry certain cash flow requirements for the sleeve provider to continue to operate. Credit sleeves are often set up when a company has seen its credit quality decline and access to traditional forms of debt financing has run dry.

Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Extra Credit EP — Infobox Album | Name = Extra Credit EP Type = EP Artist = Jason Mraz Released = 2005 Recorded = Genre = Rock Length = 13:27 Label = Elektra Producer = Reviews = Last album = (2004) This album = Extra Credit EP (2005) Next album = Mr. A Z (2005)… …   Wikipedia

  • The Dark Side of the Moon — This article is about the album by Pink Floyd. For other uses, see Dark side of the Moon. The Dark Side of the Moon …   Wikipedia

  • The Rutles — Origin London, England Genres Parody, comedy rock, pop rock Years active 1975–1978, 1996–1997, 2002 Labels Warner Bros., Rhino, Virgin …   Wikipedia

  • Jean-Pierre Rampal — Infobox Musical artist Name = Jean Pierre Rampal Background = non vocal instrumentalist Birth name = Jean Pierre Louis Rampal Born = 7 January, 1922 flagicon|FRA Marseille, France Died = 20 May, 2000 (age 78) Paris, France Instrument = Flute… …   Wikipedia

  • In Search of Space — Studio album by Hawkwind Released 8 October 1971 …   Wikipedia

  • Chung King Can Suck It (album) — Chung King Can Suck It Studio album by Judge Released 1989 …   Wikipedia

  • Chung King Can Suck It (LP) — Infobox Album | Name = Chung King Can Suck It Type = Album Artist = Judge Released = 1989 Recorded = 1989 at Chung King House Of Metal, New York City Genre = Hardcore punk Length = 21:52 Label = Revelation Producer = No producer credit taken… …   Wikipedia

  • Oxford Dictionary of Proverbs, Thematic Index — absence absence makes the heart grow fonder he who is absent is always in the wrong the best of friends must part blue are the hills that are far away distance lends enchantment to the view out of sight, out of mind …   Proverbs new dictionary

  • Train in Vain — Infobox Single Name = Train in Vain Artist = The Clash from Album = London Calling B side = London Calling Released = Start date|1980|2|12 Format = 7 vinyl Recorded = 1979 at Wessex Studios, London, England Genre = Punk rock Length = 3:12 Label …   Wikipedia

  • Captain Beefheart — Don Van Vliet At Convocation Hall, Toronto, in 1974 Background information Birth name Don Glen Vliet Also known as …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”