What does borrowing base mean?
Definitions for borrowing base
bor·row·ing base
This dictionary definitions page includes all the possible meanings, example usage and translations of the word borrowing base.
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Wikipedia
Borrowing base
Borrowing base is an accounting metric used by financial institutions to estimate the available collateral on a borrower's assets in order to evaluate the size of the credit that may be extended. Typically, the calculation of borrowing base is used for revolving loans, and the borrowing base determines the maximum credit line available to the borrower. Occasionally, borrowing base is also used to determine the maximum size of a term loan. Depending on the contractual terms of the loan, the assets included in the calculation of the borrowing base may be used as collateral for the loan.
Numerology
Chaldean Numerology
The numerical value of borrowing base in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of borrowing base in Pythagorean Numerology is: 4
Examples of borrowing base in a Sentence
Demonstrated access to capital markets can remove the perceived risks of a liquidity crunch for the issuer in the eyes of its shareholders and bond investors, many companies are either already executing or are considering higher cost or secured financings, and some names are doing so in anticipation that their borrowing base will be lowered.
The big focus right now for an E&P company is where banks will set its borrowing base in the spring, and whether the re-determination of that base affects its liquidity going forward.
Because the capital markets are so good companies that are more worried about their borrowing base are able to... raise either debt or equity, take those proceeds, and reduce their borrowing base.
Given where prices are now, we expect that it (the borrowing base redetermination period) is going to be worse than it was in October when oil prices were US$40 - a point where many forecasters are now saying they are unlikely to return for a couple more years.
When producers are heading into redeterminations - all of a sudden, you've done something to shore up your potential borrowing base.
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"borrowing base." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/borrowing+base>.
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