A Pricoa Shelf facility allows you to access capital when you need it, without having to go through a lengthy documentation process. Business moves fast, and opportunities can pass by quickly; a Pricoa Shelf facility is an excellent way to prepare yourself ahead of time. While the capital is not committed, it is legally documented up front, so that if an opportunity arises, and you have a borrowing need, you can quickly access capital from us. Thanks to pre-approval, we can respond very quickly to individual draw or loan requests.
With a Pricoa Shelf, the rate indication is updated frequently after pre-approval, and the coupon is set shortly after a draw request, typically within several days. Funds are delivered just as quickly; usually within just a few weeks. A typical Pricoa Shelf facility has a three-year horizon, during which you can make draw requests for a multitude of reasons, like an acquisition, a re-financing need, or growth capex. It's especially helpful in times of market volatility, when other financing sources may not be accessible. And best of all, you can customise your draws to fit your needs, whether it's different tenors, different currencies, or different amortisation profiles.
If you want the peace of mind that the capital you need will be available when you need it, a Pricoa Shelf might be a practical and strategic financing option for your business.