Document background
The Credit Facilities Agreement is a fundamental financing document used when a company or entity seeks to obtain credit facilities from one or multiple lenders in Belgium. It is particularly important for businesses seeking working capital, acquisition financing, or general corporate purposes. The agreement must comply with Belgian financial regulations, including the Belgian Financial Law of 2002 and the Belgian Banking Law of 2014, as well as relevant EU directives. The document typically includes detailed provisions on facility terms, drawdown conditions, repayment obligations, security arrangements, and financial covenants. It is designed to protect both lenders' interests while providing borrowers with clear terms for accessing and utilizing the credit facilities. The agreement's structure accommodates various types of credit arrangements, from simple bilateral loans to complex syndicated facilities, and can be adapted for different sectors and borrower needs while maintaining compliance with Belgian legal requirements.
