Information undertakings
What are information undertakings in a facility agreement?
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BY MICHAEL SHANG · SIXTEEN YEARS IN COMMERCIAL BANKING · UPDATED
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Information undertakings are the borrower's promises about what it will tell the bank and when: management accounts monthly or quarterly, annual accounts at a stated level of assurance within a stated number of days of year end, compliance certificates, budgets, and prompt notice of anything material. They are how a lender keeps reading a file between reviews. Breaching them is rarely what makes a loan go wrong, but late or thin reporting is one of the earliest signs that something already has.
BASIS Practitioner judgment from sixteen years in commercial banking, set out in How Bankers Think (Highbank Press, 2026). Every borrower on this site is a composite constructed for teaching, not a client. The market is mid-market commercial lending as practised in New Zealand and Australia; where a convention differs elsewhere, the page says so.
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