Non-ProZ.com Jun 18, 2005:

complete text is: Upon the occurrence of certain credit events, letters of credit outstanding under the agreement become cash collateralized creating a borrowing under the facilities (revolving ccredit and letter of credit facilities)
thanks, Daniel

Daniel Coria Jun 18, 2005:

Cielos: �Podr�amos contar con cinco o seis palabras antes y despu�s del texto a traducir? L/C's = Letters of Credit