Download Investopedia explains `Credit Facility`

Debit Credit
Credit: An accounting entry that either decreases assets or increases liabilities and equity on
the company's balance sheet. On the company's income statement, a debit will reduce net
income, while a credit will increase net income.
For example, on a company's balance sheet, a debit will increase the inventory account (an
asset) if the company buys merchandise for resale on credit. On the other hand, a credit will
increase the company's accounts payable (a liability).
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Investopedia explains 'Credit Facility'
A type of loan made in a business or corporate finance context. Specific types of credit
facilities are: revolving credit, term loans, committed facilities, letters of credit and most retail
credit accounts.
Companies frequently implement a credit facility in conjunction with closing a round of
equity financing (raising money by selling shares of its stock). A key consideration for any
company is how it will incorporate debt in its capital structure, at the same time it must
consider the parameters of its equity financing. The company must look at its capital structure
as a whole, determining how much capital it needs immediately and over time, and the
combination of equity and debt that it will use to fulfill those requirements.
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An accounting entry that results in either an increase in assets or a decrease in liabilities on a
company's balance sheet or in your bank account. A debit on an accounting entry will have
opposite effects on the balance depending on whether it is done to assets or liabilities, with a
debit to assets indicating an increase and vice versa for liabilities.
Investopedia explains 'Debit'
In fundamental accounting, debits are balanced by credits, which operate in the exact opposite
direction. When a debit is made to one account of a financial statement, a corresponding
credit must occur on an opposing account. This is the fundamental law of bookkeeping
accounting. For instance, if a firm were to take a loan to purchase equipment, one would debit
fixed assets and credit a liabilities account, depending on the nature of the loan.
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