Swingline Loan

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Swingline Loan

A large loan that a company may take out in order to repay other debts. A swingline loan is much like a line of credit or a demand loan, but differs in that it must be used to repay outstanding debt. See also: Refinancing, Debt consolidation.
References in periodicals archive ?
Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner and Smith Incorporated served as Lead Arrangers and Bookrunners on the Revolving Credit Facility, with Wells Fargo Bank, National Association serving as Administrative Agent, an L/C Issuer, and the Swing Line Lender, and Bank of America, N.
will continue to act as administrative agent, swing line lender and letter of credit issuer.
With a lateral width to the injection moulding machine of only 800 mm the Swing Line IML system requires no more space than a side conveyor belt--with up to six cavities, high flexibility, integrated camera quality control and many other features which you normally associate only with large IML systems," explained Harald Klein, Business Development Manager at Waldorf Technik.
Woods serves as a virtual coach, teaching golfers how to use swing line analysis and providing tips on specific areas of improvement.
1 meter-wide Full Swing Line which mainly produces wipes, feminine hygiene products and other care products for the Chinese market.
as administrative agent, Letter of Credit Issuer and Swing Line Lender, together with Royal Bank of Canada and Wells Fargo Bank National Association serving as co-syndication Agents.
The full swing line will be capable of producing both latex bonded and thermal bonded materials as well as combinations of the two processes when it begins operation during the third quarter of 2003.
will act as administrative agent, swing line lender and letter of credit issuer and the Royal Bank of Scotland PLC, BNP Paribas, the Bank of Nova Scotia and the Bank of Tokyo-Mitsubishi UFJ, LTD.
acted as administrative agent, swing line lender and letter of credit issuer; Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Bank USA, National Association, RBC Capital Markets and U.
Make small or large quantities of cups or lids economically on one machine with the new Swing line of continuous formers from Gabler of Germany (represented by FGH Systems Inc.