revolving credit facility


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revolving credit facility

an arrangement (usually with a bank) that requires the borrower to undertake to make regular periodic payments into a designated account in return for the facility to borrow on that account up to a specified sum, the amount of which is usually expressed as a multiple of each contractual payment into the account. See FIXED SUM CREDIT.
References in periodicals archive ?
Outstanding loan balances on the revolving credit facility will accrue interest daily at a rate equal to LIBOR plus 1.
This unsecured revolving credit facility raises the company's borrowing capacity to USD400m from the USD200m as well as provides an accordion feature allowing for an additional USD350m of capacity, subject to customary terms and conditions, resulting in a maximum borrowing capacity of USD750m.
The new revolving credit facility is scheduled to expire on 31 January 2005.
Management explained that the commitment level on the revolving credit facility would continue at $200 million.
Additional existing terms in RCPC's prior revolving credit facility were modified under the 2011 Revolving Credit Facility to conform to the recent amendments to RCPC's 2011 Term Loan Facility, which, as previously disclosed, was refinanced in May 2011.
In March 2016, Lemminkainen had agreed on a EUR260m revolving credit facility of which EUR75m was available when agreed conditions were met.
In addition, Fitch has assigned a 'BB-' rating to the $100 million senior unsecured revolving credit facility due Dec.
Specialist materials company Allegheny Technologies (NYSE:ATI) revealed on Thursday that it has completed its Asset Based Lending (ABL) revolving credit facility to help secure its solid liquidity position.
Commenting on the facility, the company's Chief Financial Officer, Mark Cozzi, said that "With the closing of the JPMorgan Chase revolving credit facility, Leor has achieved an important and impressive milestone.
RCPC also amended its existing $160 million multi-currency revolving credit facility under its 2004 bank credit agreement and extended its maturity through the same 5-year period (the "2006 Revolving Credit Facility" and, together with the 2006 Term Loan Facility, the "2006 Credit Facilities").
Cosmetics company Revlon Inc (NYSE:REV) said on Thursday that it has completed the refinancing of its new USD140m 2011 revolving credit facility.
As part of the refinancing, RCPC expects to refinance and replace its existing $800 million term loan with a new 5-year $840 million term loan facility (the "2006 Term Loan Facility") and amend its existing $160 million multi-currency revolving credit facility and extend its maturity through the same 5-year period (the "2006 Revolving Credit Facility" and, together with the 2006 Term Loan Facility, the "2006 Credit Facilities").