Debt management

The Debt module is where you record and monitor money your company has borrowed (or, for intercompany lending, money one of your entities has lent to another). Instead of tracking loan agreements in spreadsheets, you model them in Atlar so that interest, repayments, and balances are calculated for you and feed straight into your cash position and forecast.

Use it to:

Record committed credit lines and the loans drawn against them
Let Atlar calculate accruing interest automatically from the loan's terms
Schedule and track interest and principal repayments
See how much of a credit line is drawn versus still available
Keep a complete history of every change to a loan over its life

The building blocks

Debt in Atlar is made of three core objects. The easiest way to understand them is with a simple analogy: a facility is the credit card limit, a drawdown is an individual purchase on that card, and a term loan is a standalone personal loan with no card behind it.

Facility

A facility is an agreement with a lender to make a certain amount of money available — think of it as a committed credit line. It doesn't represent money you've actually borrowed yet; it represents money you can borrow.

A facility defines:

Lender – the entity providing the funds
Borrower(s) – one or more of your entities allowed to draw on it
Commitment amount – the maximum that can be borrowed, in a given currency
Maturity – either open-ended (available until cancelled) or a fixed expiry date
Terms – one or more interest "templates" any drawdown must follow (see Interest)
Commitment fee (optional) – a fee charged on the unused portion to compensate the lender for keeping the money available

Loan

A loan is money that has actually been borrowed. There are two kinds:

Term loan – a standalone loan that exists on its own, with no facility behind it.
Facility drawdown – a loan drawn under a facility. It automatically inherits the lender and interest terms from its parent facility, so you only enter what's specific to this draw (amount, dates, borrower).

Every loan records its principal amount (how much was borrowed), its borrower and lender, a start date, a maturity date, its interest terms, and its repayment schedules.

Why distinguish facilities from drawdowns? A revolving credit line might be drawn five separate times over a year. Modelling one facility with five drawdowns lets you see both the agreement as a whole and each individual loan — without re-entering the lender and terms five times.

Interest: how the rate is set

Every loan needs to know how its interest rate is calculated. Atlar supports two models.

Fixed rate

The interest rate is a single, constant percentage that never changes for the life of the loan — for example, a flat 3.5%. Simple and predictable.

Floating rate

The rate moves over time. It's built from two parts:

All-in rate = benchmark index + margin

Index (benchmark) – a published market reference rate, such as EURIBOR, SOFR, or €STR. Atlar pulls in the daily values for these automatically.
Margin – a fixed spread your lender adds on top, e.g. +1.50%. If the index is 3.0% and your margin is 1.5%, your all-in rate is 4.5%.
Tenor – which version of the index to use, by maturity (e.g. 3M = the 3-month rate). The tenor also drives how often the rate resets.
First reset date – the first date the floating rate is observed; subsequent resets follow the tenor.
Lookback (days) (optional) – how many business days before the period start the rate is observed. Defaults to 0.
Floor / Cap (optional) – a minimum and/or maximum on the all-in rate.

A few more settings apply to both models and control the maths of accrual:

Day count convention – how a year's worth of days is counted (e.g. ACT/360).
Business day convention – how a date that lands on a weekend or holiday is shifted (e.g. Modified Following).
Calendar – which holiday calendar applies.

Where do these come from? For a drawdown, you don't set any of this manually — it's inherited from the facility's terms. You only choose which of the facility's terms applies if there's more than one.

Manual indices

Sometimes a loan references an index Atlar can't connect to automatically — common with intercompany loans that use a bespoke internal funding rate. In that case you can choose Manual index when setting up the floating rate.

With a manual index you:

Name the index (e.g. "Group internal funding rate").
Set the tenor, margin, and first reset date as usual.
Enter the rate for each period by hand. When you give Atlar a start date, it generates the full schedule of reset dates from the start up to today — so a back-dated loan from 2024 will show every historical fixing you need to fill in.

Atlar still adds your margin on top of each value you enter to compute the all-in rate.

Manual indices have no automatic feed. Because nothing updates them for you, you'll need to enter a new fixing each period to keep interest accruing correctly going forward.

Settlements: how and when money moves

A loan's terms describe the rate; its settlements describe the actual payments — when interest and principal are due, and from which account to which.

Interest settlement

Defines how interest is handled each period:

Cadence – how often interest is settled (e.g. monthly, quarterly) and the first due date.
Variant:
- Payment – interest is paid out on each due date.
- Capitalization – interest is added to the outstanding principal instead of being paid (the loan grows).

Principal settlement

Defines how the borrowed amount is repaid, via an amortization profile:

Bullet – the entire principal is repaid in one go at maturity.
Linear – the principal is repaid in equal instalments over time.
Fixed – a set amount is repaid each period.

Commitment fee (facilities only)

If a facility charges a fee on its undrawn amount, the fee terms and its own settlement schedule are defined on the facility.

Activities

A loan or facility isn't static — things happen to it over its life. Activities are the record of those events, for example:

A commitment increase or reduction on a facility
A repayment or additional drawdown
Fees charged

Each activity is timestamped, giving you a complete, auditable history of how the debt evolved.

Balances: commitment, drawn, and available

For a facility, three numbers tell you how much room is left:

Commitment – the total agreed limit (e.g. 15,000,000 EUR).
Drawn / utilized – how much has been borrowed via drawdowns.
Available – what's still left to borrow: Commitment − Drawn.

For an individual loan, the key figure is the outstanding principal — how much is still owed at a given point in time.

Example A EUR Investment Facility has a commitment of 15,000,000 EUR. The German entity draws 3,000,000 EUR. The facility now shows 3,000,000 drawn and 12,000,000 available, and the new drawdown loan shows 3,000,000 outstanding.

Creating debt in Atlar

The usual order is to create the facility first, then draw down against it.

1. Create a facility

Navigate to Debt → Facilities.
Click Actions → Create (top-right).
Fill in the details across the steps:
- Lender and borrower(s)
- Commitment amount and currency
- Start date and maturity (open-ended or fixed expiry)
- Interest model – add one or more terms (fixed or floating)
- Commitment fee (optional)
Click Create.

2. Create a drawdown

Navigate to Debt → Active Loans.
Click Actions → Create and choose Drawdown.
Select the facility — the lender and terms are filled in automatically.
Enter the amount, borrower, start date, and maturity date.
Review the inherited terms and settlement schedules, then click Create.

Creating a standalone term loan follows the same flow, but you enter the terms directly instead of inheriting them from a facility.

Tip: Start by modelling one simple bullet loan end-to-end — a fixed rate, monthly interest, repaid at maturity — before tackling floating rates, manual indices, and amortizing principal. Once the basics click, the more advanced options follow the same pattern.