Glossary

Pre-financing

An advance paid when a loan agreement is signed, before spending is shown. SAFE pays 15% of each loan as pre-financing.

Example. France's SAFE loan of up to about €15.09bn came with about €2.26bn of pre-financing.

Randeep Bubbra | Lawyer | Making defence financeable

InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.