As a result of these changes, Delta expects to end the quarter with $4.2 billion in liquidity, including a fully available, $1 billion revolving line
Under the revolving line
of credit facility, the company is able to borrow up to an amount equal to the sum of 75% of its eligible accounts receivable, plus 30% of its eligible inventory, up to a maximum of $2 million plus any principal amounts of the term loan that have been repaid.
However, determining whether it is beneficial for a business to utilize its bank revolving line
of credit to take advantage of trade discounts is a little trickier.
"The asset-based and cash flow financing program gives the DMC financial team a revolving line
of credit before the receivables are collected," says Vitale.
Alterra received commitments from a syndicate of banks led by Houston-based Bank United for an $80 million revolving line
The Ogawas, who are establishing an SBA-guaranteed revolving line
of credit for their export sales, are beginning to benefit from this new and flexible export financing program.
United capital was able to source a $10MM revolving line
of credit, secured by US and European accounts receivables.
At June 30, cash, cash equivalents and short-term investments were approximately $10M, with a draw on the revolving line
of credit of $52M.
Moscow: Sberbank has opened a revolving line
of credit worth approximately 1.5 bln roubles for nanomaterials producer Metaclay Joint Stock Company.
This new credit agreement increases the size of the company's committed revolving line
of credit by USD110m against the revolving line
of credit under its prior credit agreement, while lowering the interest rate by 75 basis points.
(NASDAQ: ATEA) said it has obtained a two year revolving line
of credit for working capital needs from Silicon Valley Bank for USD3m.