A secured loan is a loan in which the borrower offers guarantees for the repayment of the loan, effectively reducing the lender`s risk. For example, real estate is used as a routine guarantee to obtain a home loan. Some credit facilities are secured, but many of them are not guaranteed. More than one facility, linked or not, can be included in a credit contract. Linked, the lender is required to make the loan as soon as the borrower has fulfilled all the conditions (i.e. a condition that must be met before the loan is granted). Unconsolidated means that the lender is not required to make the loan and is usually reserved for short-term loans. A promised facility is a source of short- or long-term financing agreements in which the lender is required to lend to a business, provided the entity meets the specific requirements of the lender. Funds are made available within a fixed-term cap and at an agreed interest rate. Long-term loans are a typical type of facility. The various types of credit facilities include revolving credit facilities, promised facilities, letters of credit and most retail accounts.

The consolidation of a facility contains a brief debate on the origin of the facility, the purpose of the loan and the allocation of resources. The specific precedents on which the facility is based are also included. For example, secure declarations of secured loans or certain responsibilities of borrowers can be discussed. A precedent for the conditions sets out all the conditions. One condition could be z.B. a condition that the borrower sign an agreement to bring all contract disputes to arbitration. The terms of interest payments, repayments and credit maturities expire in detail. They include interest rates and repayment date, when a maturity loan, or the minimum amount of payment and recurring payment dates, if a revolving credit. The agreement specifies whether interest rates can be changed and sets, if any, the date on which the loan matures.

As announced in the announcement, there are certain mandatory down payments under the loan agreement. It also implies that the restructuring is not completed until July 15, 2020 (or another date that can be agreed).